If my husband give me his quitclaim deed for our house this year, but I have not sold the house, do I need to pay taxes for the gift this year or do I pay taxes later on after we sell the house next year or the year after? I actually paid more on the house than him, as he did not pay any mortgages for 5 years and we only own the house for 8 years. Is it better that he did not give me the quitclaim deed but later on give me the profit when we sell the house assuming our tax rate is 16% when we sell the house? Please note that we are getting divorce this year. Thank you very much.
