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What are the tax implications

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Guest	Posted: Sun Feb 13, 2011 2:31 pm    Post subject: What are the tax implications Like 0 Dislike 0 What are the tax implications if you quitclaim abhors to someone for a dollar? My epx husband bought a house for $685000 and quit claimed it to his new wife for a dollar and is now claiming he can't pay child support. Does she have to pay any taxes on this transfer?
adonis Joined: 22 Oct 2005 Posts: 10571 Location: ALASKA 1090.37 Dollars($)	Posted: Sun Feb 13, 2011 8:04 pm    Post subject: Like 0 Dislike 0 Welcome Guest, There are certain fees and taxes that one needs to pay in case of property transfer. Your ex-husband and his new wife can share the charges and taxes and pay it off. _________________ Procrastination is the enemy of your financial success

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