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Updated over 3 years ago on . Most recent reply

User Stats

10
Posts
2
Votes
Eva Fox
  • Los Angeles, CA
2
Votes |
10
Posts

divorces, exchange of QD and tax consecvences

Eva Fox
  • Los Angeles, CA
Posted

Warm greetings to  Everybody

Please do not tell me I need to talk to CPA.

I already have, not much help, I will keep trying.

My situation is really a little bit unusual.

I decided to crack in pieces, and maybe someone can put some light on it.

Tax consequences?

Property bought in 1996

2000 years ago uncontested divorce.

Property 50/50, I live there, in case of sale parties have to be both happy about it.

Because ex did not fulfill another obligation (savings divisions), he wrote a few more QD.

He even wrote QD to my second husband.

Almost 10 years later I went to court, quiet title. (2008?)

My interest 64%, rest between two husbands.

Next thing, second divorce.

(please forgive me)

next, I quit deed all my interest in property to my second ex. ( I guess it was 2009).

He was renting the condo since 2010.

I left the country of the USA the same year, so far did not go back yet.

In 2011 my second ex wrote QD back to me, I did not register this deed till 2016.

In 2016 I did register the deed and pay off my first husband. (the lawyer took care of everything

I only send him the deed and check)

It was 33k and something, based on an appraisal from the year of quiet title  (2008, 300k)

Now I am already an older person and I want to sell really as soon as possible,

the condo is rented and income compared to present value is an insult.

I know the story is the story of human stupidity, and too long, my apology.

What I really please let me help to know is:

What are the tax consequences of this exchange of gifts 

from me to my second ex and from him back to me?

thanks, much eva

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