About HappyTaxPayer1978

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Re: Gift Tax on Property. Taxed on Equity or Full Home Value?

Wow No I did not realize.I assumed anything over 15k in yearly gifts was taxed like regular income or at "gift tax rates"Guess I misread and misunderstood the t...

HappyTaxPayer1978

Updated Dec 10, 2020
Re: Gift Tax on Property. Taxed on Equity or Full Home Value?

Our situation is complicated. The mortgage company does not care if others are added to the deed. (no clause, we asked)

HappyTaxPayer1978

2

Updated Dec 10, 2020
Re: Gift Tax on Property. Taxed on Equity or Full Home Value?

Thank you for the reply.I was expecting and hoping the gift tax was based on home equity.You make a good point that the tax is based on 1/2 theequity.Sounds lik...

HappyTaxPayer1978

Updated Dec 10, 2020

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Date Registered	‎November 16, 2020 5:05 PM
Date Last Visited	‎March 23, 2024 2:30 PM
Total Messages Posted	4

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