Major Construction on Your Independent Living Home
We know of some CCRCs (Continuing Care Retirement Communities also known as LifePlan communities) that will allow you to truly customize your stand alone independent living home, by building on an sun room or additional wing! As you are improving the property of a non-profit facility (the CCRC) such an addition may be tax deductible even though you will be using the addition as part of your independent living home. Check with your tax advisor if you plan to go to this level of customization.
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