Posted on: 27th Jun, 2009 07:01 am
if i transfer my share of our resident via a quit claim deed to my spouse, is there any tax liability? reason for the transfer is potential liability from any possible litigation on my company that would not be protected via a llc?
SanRemoig
yes you will be liable for gift tax.
keep in touch.....
:arrow: :arrow: :arrow:
yes you will be liable for gift tax.
keep in touch.....
:arrow: :arrow: :arrow: