Recent content by empire

What is the name of your state? new jeresy :rolleyes: I owe my daughter 30K which is coming from my ira. is their a benefit to any one of us if i transfer the money to my daughter or issue a promisary note and pay her with that mechanism?

:eek: What is the name of your state? nj If I transfer my tax deffered annuity to my daughter on my life insurance policy do I receive a 1099 form? If I do I presume I pay tax's on any gain, is that true?

What is the name of your state? NJ I will be tranferring/gifting my life insurance a tax deferred annuity to my beneficiary(daughter). Do I get issued a 1099? If so, I guess I pay the tax on the gain, is that true or is their a way to avoid paying any tax? I am dreaming. :D

What is the name of your state? NJ If I transfer my tax defferred annuity to my daughter on my life insurance policy do I receive a 1099 form? If I do I presume I pay tax's on any gain, is that true? regards :eek:

What is the name of your state? New Jersey. Hi was sent over by the real estate team. They mentioned the term "stepped down" in regards to a property transfer. What is stepped down? How is it useful or not? :confused:

What is the name of your state? n.j. Can mother transfer house to daughter via deed, obtaining a appraisal of the market value of house and daughter obtains "stepped up value"? empire

:rolleyes: What is the name of your state? New Jersey. Am retired with a bank IRA, wish to withdraw account in full and avoid penalties and income tax. Any suggestions? thanks

What is the name of your state? New Jersey. Hi, Two issue's: 1) Father passed away many years ago(over 10). Mothers name is on the deed with dad. Mother would like to have "Joint Tenancy w/right of Survivorship" with her child(the caretaker). Will their be any captal gains tax on child when...