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nojnof
Level 3
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  • Re: Home ownership

    I now understand the gift tax you explained and the capital gain I have to pay. In your example, does the ex have to pay any taxes on the @$200k bought out from...
    nojnof
    2
    Updated May 18, 2023

  • Re: Home ownership

    That can't be correct. You don't gift him 150K because that is an additional debt the partner will have to pay off. Combined together, now the debt is 300k that...
    nojnof
    5
    Updated May 18, 2023

  • Re: Home ownership

    I can see it as a gift. But how would it be different if I died, and my partner gets 100% ownership because the title of the house a Joint Ownership with Rights...
    nojnof
    9
    Updated May 18, 2023

  • Re: Home ownership

    We were not married.
    nojnof
    12
    Updated May 18, 2023

  • Re: Home ownership

    There's no money exchanged. Basically, I give up my portion of the equity. Certainly, I could ask my ex to give me some money; how would that complicate my taxe...
    nojnof
    14
    Updated May 18, 2023
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