Posted on: 12th Feb, 2009 08:08 pm
signed a quit claim deed of the home to ex-wife and paying the 2009 taxes...if i sign the quit claim deed transferring interest of the home to my ex-wife, but i agree to pay the 2009 real estate taxes can i file the taxes on my 2009 tax return.
Hi jackhdarrough,
When you sign a quitclaim deed the ownership of the property is taken over by the grantee. He now becomes the liable for all kind of taxes related to the property. Thus, I don't think you can file the taxes on your 2009 tax return as after quitclaim you would no longer be the owner of the property. For some similar discussion on tax implications, you can visit the following page:
http://www.mortgagefit.com/discuss/quitclaim-taximplications.html
When you sign a quitclaim deed the ownership of the property is taken over by the grantee. He now becomes the liable for all kind of taxes related to the property. Thus, I don't think you can file the taxes on your 2009 tax return as after quitclaim you would no longer be the owner of the property. For some similar discussion on tax implications, you can visit the following page:
http://www.mortgagefit.com/discuss/quitclaim-taximplications.html