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quitclaim

jameshogg

Posted on: 26th Apr, 2010 10:48 am

Hello, I would like to quitclaim my ranch to my son. Would this raise an eyebrow with the IRS and increase the taxes or would they remain the same until reassessed? :roll:

thank you,

Total Reply : 1

Hi buffranch,

After you quitclaim the property to your son, then the property taxes would be reassessed and your son will have to pay the taxes as per the reassessment.

Thanks

jameshogg

Posted on: 27th Apr, 2010 11:51 pm

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