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Updated over 9 years ago on . Most recent reply

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10
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0
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Manuel Diaz
  • Boston, MA
0
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10
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Gifting a property to family

Manuel Diaz
  • Boston, MA
Posted

What would be the costs associated with gifting a fully paid off house to your children? I know that you would have to file a gift tax for anything over $14k in a year, and if they were to sell the home they would pay capital gains tax, but what other things would need to be addressed? Title fees? Just wondering what would be the process?

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