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excise tax on a quit claim deed in washington state

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shazam Guest	Posted: Sat Jan 09, 2010 3:37 pm    Post subject: excise tax on a quit claim deed in washington state Like 0 Dislike 0 Will tax have to be paid if deeded out of love and affection _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
marklavender1 Joined: 13 Sep 2009 Posts: 120 -0.14 Dollars($)	Posted: Sat Jan 09, 2010 11:40 pm    Post subject: Like 0 Dislike 0 there is no exclusion for deeds made out of love and affection excise tax for property related transaction?
adonis Joined: 22 Oct 2005 Posts: 10242 Location: ALASKA 1042.50 Dollars($)	Posted: Sun Jan 10, 2010 11:47 pm    Post subject: Like 0 Dislike 0 Welcome shazam, If it's a gift transfer, then you'll be responsible for the gift taxes. However, there are certain exemptions as well in this regard. To know about it, check out the given page: http://www.mortgagefit.com/gift.html#111114 _________________ Procrastination is the enemy of your financial success

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