---

Income taxes with a Quit Claim Deed

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
Toddad07 Guest	Posted: Tue Jan 31, 2012 6:19 pm    Post subject: Income taxes with a Quit Claim Deed Like 0 Dislike 0 I recently acquired a property from my father in law for rental. What do I have to do to claim this property for my income taxes? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jameshogg Joined: 20 Dec 2005 Posts: 10467 Location: Nevada 988.72 Dollars($)	Posted: Tue Jan 31, 2012 10:16 pm    Post subject: Like 0 Dislike 0 Hi Toddad, Well, I don't think it should be included in your income taxes. Nevertheless, you should contact a tax adviser and take his opinion in this matter. Thanks
sabrinatoss Community Expert Joined: 16 Jan 2011 Posts: 514 Location: Australia 82.40 Dollars($)	Posted: Wed Feb 01, 2012 1:49 am    Post subject: Hello Todda Like 0 Dislike 0 Once the deed is recorded, the new "owner" will start receiving bills for the property taxes and other municipal assessments. _________________ Home Loan, Mortgage Insurance Calculator, Mortgage Broker

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0