Have a Tax Question? Ask a Tax Expert
Hello, I would like to assist with your question. Please remember, as per the terms of this website, Answers of Experts on the Site are to be used by Customers for general information purposes only, not as a substitute for in-person evaluation or a specific professional opinion.
In short, yes the property can be transferred via a quit claim deed. That is commonly used to transfer property or re-title property as joint tenants with right of survivor-ship. However, there could be tax implications.
I hope I answered your question with sufficient detail, accuracy, and completeness based on the facts communicated. I would be happy to expand my answer should you need clarification; before you rate my answer. Accordingly, please rate my answer, based on thoroughness and accuracy, rather than any good or bad news/content. We (the experts) are only compensated when an answer is accepted and rated. I appreciate your prompt response. Sincerely, ***** ***** Breecher, CPA.
Hello, I just wanted to check in with you and see if you need further information. If not, please provide a rating as we the experts are only compensated for our time when an answer is accepted.