Gift of Equity - Mortgagefit

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Gift of Equity

jameshogg

Posted on: 10th Aug, 2009 07:01 pm

I know the details concerning taxes if your the donor of a Gift of Equity, BUT, if do you have to pay taxes on a Gift of Equity if you are the RECIPIENT?

Thanks in Advance.

Total Reply : 1

Hi darlene,

Your query has been answered in the given link:
http://www.mortgagefit.com/budgeting-finance/giftequity-taxes.html

Please take a look at it. I hope it will help you.

Thanks

jameshogg

Posted on: 10th Aug, 2009 11:24 pm

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