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quit claim deeds

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Sandra

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Post Posted: Tue Sep 20, 2011 9:58 am    Post subject: quit claim deeds
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Hi, I am wondering if I will have to pay any taxes if I sign a quitclaim deed to my ex, who is living on the property. He wants to refinance and would like me to fill out a quitclaim deed so he can.
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adonis




Joined: 22 Oct 2005



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Location: ALASKA
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Post Posted: Tue Sep 20, 2011 7:51 pm    Post subject:
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Welcome Sandra,

You can transfer the property to your ex by signing a quitclaim deed. If you transfer the property to him as a gift, then you will be liable for paying gift taxes.

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