capital gains tax and adding names to title - Posted by Jen Ling

Posted by John on March 28, 2006 at 22:24:51:

You won’t have problem with capital gains tax.
You may have a problem with gift tax and buy transfering an interest to the property you may have DOS problems.

capital gains tax and adding names to title - Posted by Jen Ling

Posted by Jen Ling on March 28, 2006 at 12:24:08:

Hi,

I was wondering how would I be able to add a sibling to a property w/out capital gains tax. (She did contribute to the purchase of the property. However, she was not around to sign the title papers so I left her name off the title during Escrow.) As such, how can I legally add her on w/out having to incur capital gains tax??

Thanks,
Jen