Real Estate - Tax Law

Ohio.


My fiancee and I are considering cash out refinancing for her house. She is owns it, I'm not on the mortgage or deed. She is concerned that if we do it under a joint application before we get married it will constitute a gift subject to taxation.

Is this the case?

[HomeGuru]

Originally posted by muzzleone
Ohio.


My fiancee and I are considering cash out refinancing for her house. She is owns it, I'm not on the mortgage or deed. She is concerned that if we do it under a joint application before we get married it will constitute a gift subject to taxation.

Is this the case?

**A: there is a Tax Law forum on this website. Please post there. Thanks.