What is the name of your state? California
Hi, My husband and I have been gifted a house from my mom. The problem is, she will have to pay gift taxes. If we add her name back to the title, will all of us be exempt from the gift tax? What can we do to limit the amount of taxes that will be imposed on us? All help is greatly appreciated!!! Thank you! [/FONT]
Hi, My husband and I have been gifted a house from my mom. The problem is, she will have to pay gift taxes. If we add her name back to the title, will all of us be exempt from the gift tax? What can we do to limit the amount of taxes that will be imposed on us? All help is greatly appreciated!!! Thank you! [/FONT]