Login
Lender Signup
Community Signup

World's Largest Mortgage Community
(28,579 members)

What are you looking for?

quit claim deed

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
elise Guest 0.10 Dollars($)	Posted: Mon Sep 08, 2008 9:44 am    Post subject: quit claim deed My husband and I own a piece of property that is paid off and we want to quit claim it to his grandmother as a gift for all she has done for us. Will she have to apy taxes on it? ANd if she ever wants to give it back would we pay taxes on it? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
helping_user Joined: 31 Mar 2006 Posts: 800 Location: Hawaii 148.86 Dollars($)	Posted: Tue Sep 09, 2008 1:58 am    Post subject: No, your husband's grandmother will not have to pay taxes on any gifted property. Rather you being the donor needs to pay tax if and only if you don't qualify for gift tax exemptions . Thanks.

Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours

Page 1 of 1