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taxes to pay with a property transfer

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jmartinez@rsmas.miami.edu Guest	Posted: Thu Jan 27, 2011 3:33 pm    Post subject: taxes to pay with a property transfer Like 0 Dislike 0 My wife and I are both co-owners of a house. If I file a Quitclaim Deed to transfer the property ownership only to her, does she has to pay taxes for the half of the value of the property I am giving to her _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Thu Jan 27, 2011 8:35 pm    Post subject: Like 0 Dislike 0 Hi, Your wife will be liable for paying the property taxes in full. However, if you're transferring the property as a gift to your wife, then you will be liable for paying the gift taxes for it. Thanks

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