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#1
04-21-2005, 06:56 AM
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 Re: Tax issue on Deed/Title transfer? "Antoine42" <anv103[at]yahoo.com> wrote: - quote - > Hi, my friend owns a house and I am moving in with him.
If both your names aren't on the deed, you don't both> We'd like BOTH our names to be on the deed and have joint > ownership. Are there any tax implications for me? legally own the house. Sounds like it's time for a visit to a real estate attorney so you can tell her what you want and how to get there. -- Phil Marti Clarksburg, MD << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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04-21-2005, 06:18 AM
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| Re: Tax issue on Deed/Title transfer? "Antoine42" <anv103[at]yahoo.com> wrote: - quote - > Hi, my friend owns a house and I am moving in with him.
It depends. Are you giving him anything to become an owner?> We'd like BOTH our names to be on the deed and have joint > ownership. Are there any tax implications for me? The > house is in Pennsylvania. Will it be joint tenancy or tenants in common? The transaction can certainly be structured so that there is no gift and therefore no gift tax. Chances are there will be no income tax consequences. Stu << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
04-20-2005, 09:28 PM
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| Tax issue on Deed/Title transfer? Hi, my friend owns a house and I am moving in with him. We'd like BOTH our names to be on the deed and have joint ownership. Are there any tax implications for me? The house is in Pennsylvania. Thank you! << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| deed or title, issue, tax, transfer |
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