Marci Stein
seller always pays transfer tax?
Closed on house in may , and yesterday i get the owners policy
of title insur. in the mail, along with a statement for a transfer tax for $132.
doesnt the seller pay that? can i be billed for something...
Chad U.
Transfer Tax in Pennsylvania on QCD's?
We purchased a non-performing note a few months ago that was slated for foreclosure not long after the note purchase. It was so close in fact, that there wasn't enough time to do a Substitution of Plaintiff and an As...
Terry Royce
Paying Transfer Taxes on a Wholesale
I was talking with a friend who works at a title company here in MD. I was asking him about assignment contracts and he said that alot of companies don't do them because it can get THEM in trouble. His reasoning was t...
Bridgette Luce
Transfer tax deed to another person
I have a sheriffs deed on a property that I bought at a tax sale. There are no restrictions on the deed because the waiting period for previous owner to reclaim the land has expired. How do I transfer the deed to the ...
Zhenyang Jin
Turbotax: City Transfer Tax when depreciation
Hi Real Estate Veteran,I am using turbotax to calculate depreciable basis for my rental property. After evaluating my situation, I need to add the cost of City Transfer Tax into depreciable basis. However, I don't kn...
Kelly Chopin
1031/Quitclaim to LLC Transfer Tax
Hi,
I have a property I own personally and am 1031ing into a commercial property in FL. If I close on the new commercial property personally, can I then turn around and quitclaim it to a pass through LLC (still owne...
Matt Lord
Transfer tax. Personal name into LLC
I purchased a rental back in September in my personal name. I’d like to move ownership into a new LLC. I spoke to the title company and she said I’d have to pay the full 2% transfer tax and there’s no way around that....
Eric Miller
Who Typically Pays the Transfer Taxes?
Hi All,I've been going back and forth with negotiations for a lease option and I was wondering if anyone can shed light on who customarily pays for transfer taxes when a home is being sold (through lease option if tha...
Josh Norris
Raw Land Deed Transfer Tax Implications
Does anyone know whether or not there are tax implications if a family member quit claims a piece of land into my name. I would not be paying anything for the property they would be giving it to me for nothing. They...
Gwyeth Smith
Transfer tax moving property into LLC
Can anyone answer if you pay a transfer tax in the state of Pennsylvania when moving a property in your name into your LLC?Thanks in advance.Gwyeth