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Updated about 9 years ago,
Adding spouse to title
Hello BPers. My wife does not have a two year history at her job but the house is in her name and we would like to get a cash out/refi. I have a two year work history so I would like to add my name to the title. Are there tax implications to doing this? I read that there 'might' be a gift tax in Pennsylvania. We bought the house with cash before we were married and put it in her name because it was a first time home owner deal.