Posted on: 08th Jan, 2010 09:25 am
if the grantor in the quit claim deed receives money from the transfer of 50% interest in the the realestate property in question, is this money taxable?
Hi rachel,
Your query has been answered in the given page:
http://www.mortgagefit.com/inprocess/about32928.html#143252
Take a look at it. I hope it'll help you.
Thanks
Your query has been answered in the given page:
http://www.mortgagefit.com/inprocess/about32928.html#143252
Take a look at it. I hope it'll help you.
Thanks
yes it is earned money. so will be taxable