Submitted by rjparnow1 on Mon, 12/12/2011 - 16:41
income taxes
income taxes
how do income taxes come intro effect on quit claim deed transfers?
5 Answers
Votes
Older
Newer
1
Property received has to be disclosed in order to calculate income taxes. As per the IRS 2009 rule, any gift worth over $13,000 has to come under gift tax. There are also several issues related to transfer taxes. You muct consult a tax professional in order to get to know about the tax implications of the quit claim deed.
1
You can check out the tax implications of the quitclaim deed from the given page: "http://homeguides.sfgate.com/tax-implications-quitclaim-deed-6771.html&q...
1
To get idea on tax implications of a quit claim deed, go through this forum discussion- http://www.mortgagefit.com/discuss/quitclaim-taximplications.html
1
To get idea on tax implications of a quit claim deed, go through this forum discussion- http://www.mortgagefit.com/discuss/quitclaim-taximplications.html
1
Without DR DAHIRU a lot of people would have been dead through heart break. My case is not different from heart break, I am married woman with 3 kids and there was a time when i was having problem with my husband because he was having an affair outside our marriage and this was making me feel bad. So i tried finding solution to my problem by reading a lot of relationship tips on the internet and that was how i came in contact with DR DAHIRU contact details and through the help of DR DAHIRU at arewaspecialistttemple@gmail.com my husband left the girl he was having affair with and he came back to me and our kids. After a job well done by DR DAHIRU i felt that it will be unfair if i keep this secret to myself and that is why i am going to drop the contact details of DR DAHIRU right now,or you can also reach him via this email: arewaspecialistttemple@gmail.com