dperhogan
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 3
		
	
				
		
	
		
			
    
	
		
		
		06-01-2022
	
		
		07:08 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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Can someone transfer ownership via quitclaim to relative with no tax consequences? Property is second home purchased with cash. Owner wants nothing in return.
		
			
				
						
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			Level 15
		
	
				
		
	
		
			
    
	
		
		
		06-01-2022
	
		
		07:19 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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						You can give away a house.
A gift tax return is probably in order.
And the basis for the new owner would be the basis of the "seller".
	
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
			
			
				
			
			
			
			
			
			
		
		
		
	
	
	
A gift tax return is probably in order.
And the basis for the new owner would be the basis of the "seller".
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪