Anonymous
Not applicable

Deductions & credits

Thanks for your guidance I read the article which is very helpful.  I also have related questions as follows.

 

We recorded the grant deed with JTWROS title when the escrow was closed.  Since the furnished ratio to the property is 90% to 10%,

Q1:  is there any gift tax issue?

Q2:  what documents needed to show IRS for the furnished ratio?

 

 Thanks