gift tax

Quitclaim Deed Tax Implications
Common Questions

Quitclaim Deed Tax Implications: Gift Tax, Capital Gains, and More

Understanding the tax implications of quitclaim deed transfers is crucial for property owners considering any form of ownership change. Whether you’re adding a spouse to your title, transferring property to children, or restructuring ownership for business purposes, quitclaim deeds can trigger significant federal and state tax consequences that require careful planning and professional guidance. Overview […]

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Quitclaim Deed Limitations
Legal Topics

Quitclaim Deed Limitations: What They Don’t Protect You From

Understanding what quitclaim deeds don’t provide is often more important than understanding what they do. As a real estate attorney, I regularly encounter clients who made costly mistakes because they didn’t fully understand quitclaim deed limitations before accepting these transfers. Unlike warranty deeds that provide comprehensive protections, quitclaim deeds offer minimal legal safeguards and leave

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