If I retitle real estate property owned jointly to one of the owners does it incur a tax?

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2007-06-25 11:51:31 · 2 answers · asked by ninan 1 in Business & Finance ➔ Renting & Real Estate

The property is in Texas

2007-06-25 14:00:10 · update #1

only if it involves a sale or a profit. (eg buy out partner.)

2007-06-25 14:59:07 · answer #1 · answered by PersonalFreedom 4 · 1⤊ 0⤋

you have to tell us where the property is so someone with knowledge of the laws in that state can respond.

:(

2007-06-25 18:56:04 · answer #2 · answered by Spock (rhp) 7 · 0⤊ 0⤋