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Add my husband = excise tax?

Posted on: 11th Feb, 2011 09:36 pm
Hello.

Last year my then boyfriend and I refinanced our house and I added him to the title doing a quick claim deed. I purchased the home three years prior and made payments to the mortgage company with no issues. We pay the mortgage from the same account (my husband is a signer now). Today I received a notice that I owe excise tax for half of the payoff amount when I refinanced.

This doesn't make any sense since the property was not sold. I live in Washington state. Should I pay the tax or do I have a valid argument to contest this?

Thank you.
Hi Bramsche,

You should contact a tax adviser and a real estate attorney and take their opinion in this matter. They will be able to guide you in this regard.

Thanks
Posted on: 11th Feb, 2011 11:32 pm
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