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Form 709 and Quit Claim Deeds
Hi,
My brother, sister and I each received 1/3 of our mother's house when she passed. My brother and I each executed and filed Quit Claim Deeds giving our sister our portions of the house.
Since I am married, can I fill out the 709 form as 1/2 half being given from my spouse and 1/2 from me? Or does all of it have to come from me since only my name is on the Quit Claim Deed?
A few comments.
The value of the property is way below the lifetime limit.
Seems stupid to now require a separate Notice of Consent and not provide a form for it.
Also wish that Turbotax would include this form in their product.
Thanks
March 12, 2025
10:55 AM