✉news BusinessPersonal Finance first seen 22 h ago, last 13 h ago, peak #5

Dolly Parton's Former Cottage Sells for Nearly $2 Million

Original: Dolly Parton's Former Cottage Fetches Nearly $2 Million. Retirees Selling Their Own Property Can Face Higher Medicare Premiums Long After Moving Out

A cottage once owned by country music legend Dolly Parton has sold for close to $2 million, drawing attention to celebrity-linked real estate sales. The sale also highlights a tax and Medicare quirk: retirees who sell a home with a large capital gain can see their Medicare premiums rise years after they move out, since IRMAA surcharges are based on income from two years earlier.

Why now: The combination of a celebrity property sale and its surprising financial consequence for retirees makes it timely personal-finance talk.

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• Dolly Parton's Former Cottage Fetches Nearly $2 Million. Retirees Selling Their Own Property Can Face Higher Medicare Premiums Long After Moving Out · 24/7 Wall St.

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