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Updated over 12 years ago on . Most recent reply presented by

Dina Harleth's profile image
Dina Harleth's profile image
Dina Harleth
  • from Newport Beach, California
  • Member since Aug 4, 2012
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49
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Dina Harleth's profile image
Dina Harleth's profile image
Dina Harleth
  • from Newport Beach, California
  • Member since Aug 4, 2012
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Dina Harleth
  • Newport Beach, CA
2
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49
Posts
Tax, SDIRAs & Cost Segregation

VERY WORRIED: Quit claim not enough?!

Dina Harleth
  • Newport Beach, CA
Posted

I joined this site to ask a question about capital gains taxes when selling my rental property and came across a recent thread about quit claim vs grant deeds. http://www.biggerpockets.com/forums/84/topics/75839-significance-of-principal-residence-question-on-quitclaim-deed

My property was gifted to me by my mother three years ago and I've been renting it out ever since. She used a quit claim, not a grant deed. When I go to sell it, will I have any problems? I'm very worried now. I'm in California, by the way.

Thanks!

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