Essay
Stella Flier has received an inheritance of $100,000. She is trying to decide what to do with this money and has come to you for some advice. She has an excellent credit rating and no outstanding debts. She would like to buy a $225,000 house and invest $100,000 in bonds as a safety net.
Required:
How could Stella minimize her tax liability, assuming only the facts given?
Correct Answer:
Verified
Stella could use the $100,000 for a down...
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