Posted on: 23rd Jul, 2009 10:10 am
how does the taxes work with a quick claim deed
Hi crsdicto
This will depend upon the type of taxes you are speaking about. If a property is transferred to you as a gift by a quitclaim deed, the grantor will be liable to pay a gift tax. You will also be liable to pay the deed recording fees and the transfer taxes.
Thanks
This will depend upon the type of taxes you are speaking about. If a property is transferred to you as a gift by a quitclaim deed, the grantor will be liable to pay a gift tax. You will also be liable to pay the deed recording fees and the transfer taxes.
Thanks