You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #11: Yes, seems you're right. [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » The DU Lounge Donate to DU
tjdee Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jun-14-05 04:08 PM
Response to Reply #6
11. Yes, seems you're right.
For some reason, neither of us thought about the IRS at first. Pretty dumb, because I'm sure the IRS won't forget about us!
Printer Friendly | Permalink |  | Top
  -Could my mother sell me her house for a dollar? How hard/easy is it? tjdee  Jun-14-05 03:42 PM   #0 
  - Talk to an Attorney  Coyote_Bandit   Jun-14-05 03:50 PM   #1 
  - I know she didn't think of the tax ramifications, LOL.  tjdee   Jun-14-05 04:04 PM   #8 
     - YOU don't pay gift taxes...SHE pays them  amazona   Jun-14-05 04:43 PM   #21 
  - You might try the title company in your area.  dubyaD40web   Jun-14-05 03:50 PM   #2 
  - That's a good idea.  tjdee   Jun-14-05 04:06 PM   #9 
  - There are lots of questions to be answered.  GumboYaYa   Jun-14-05 03:50 PM   #3 
  - Yes, of course.  tjdee   Jun-14-05 04:02 PM   #7 
     - Oh that is easy then. You do what is called a beneficiary deed.  GumboYaYa   Jun-14-05 04:09 PM   #12 
        - Oh thank you!  tjdee   Jun-14-05 04:12 PM   #15 
        - You should still see a lawyer  Coyote_Bandit   Jun-14-05 04:22 PM   #18 
           - Indeed.  tjdee   Jun-14-05 04:26 PM   #19 
        - The husband will have to sign the deed as well, I believe  flvegan   Jun-14-05 05:00 PM   #26 
  - I don't know,  Shell Beau   Jun-14-05 03:55 PM   #4 
  - Yeah, right?  tjdee   Jun-14-05 04:07 PM   #10 
  - Talk to an attorney.  caty   Jun-14-05 03:57 PM   #5 
  - Yup.  tjdee   Jun-14-05 04:09 PM   #13 
  - Captial Gains?  aeolian   Jun-14-05 04:01 PM   #6 
  - Yes, seems you're right.  tjdee   Jun-14-05 04:08 PM   #11 
  - Unless you use the proceeds to buy another house  AllegroRondo   Jun-14-05 04:16 PM   #16 
  - I think it's a matter of her signing a quit claims deed  notadmblnd   Jun-14-05 04:11 PM   #14 
  - Did you get stuck with all the capital gains taxes?  tjdee   Jun-14-05 04:17 PM   #17 
     - No, I still have the house  notadmblnd   Jun-14-05 04:45 PM   #22 
  - get an attorney but she can't die for 3 years!  amazona   Jun-14-05 04:39 PM   #20 
  - I know that in MO we used to be able to sell each other  xmas74   Jun-14-05 04:46 PM   #23 
  - Seek legal advice  smitty   Jun-14-05 04:51 PM   #24 
  - $10 and other lawful consideration.  flvegan   Jun-14-05 04:58 PM   #25 

Home » Discuss » The DU Lounge Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC