Welcome New User! ( Create Account | Sign In )

Maximize

You are here: Home Categories Real Estate If I leave my free and clear home to my nephew, will it be taxed?

Previous | Next

Temporary custody of nephew- interstate My nephew just contacted me, he is almost 16. he stated he was asked to leave his home and...

Manufactured home About a year ago they sent me my title to my home no lein holders free and clear i went to...

Trying to obtain custody of my nephew. My nephew is in a missouri foster home, his dad was unfit to get legal guardianship of him....

My nephew is in an unfit home, and i want to try and get custody of him what do i need to do? His dad keeps going in and out of jail and his mother dont pay attention to him cusses at...

Are you taxed in canada I am selling my home and considering a "rent to own" agreement. will i be taxed?

Get paid for participating

Ask questions - It's FREE Get answers within minutes.

Fun, fast and easy. Share your opinions with our community. Earn money for answering. See how.

This Question has not been awarded yet.

Post your answer now!

Find more related questions to If I leave my free and clear home to my nephew, will it be taxed?

Question

Submitted 607 days ago...

Centime931

New User (1)

If I leave my free and clear home to my nephew, will it be taxed?

------

Share | Abuse |

Answers

Answer 1 / 2 - Submitted 607 days ago...

Landman

Authority (342)

Yes...

Share | Link | Abuse

Answer 2 / 2 - Submitted 606 days ago...

Mtnrescue

Brain (2,698)

Actually, it would depend somewhat on the value as you can leave it to him without tax implications under the inheritance tax guidelines of the US if the estate is under $2million. However, in some states, the states will tax some amount of the estate. Depends on where you live.

Share | Link | Abuse

Answer This Question Now

If I leave my free and clear home to my nephew, will it be taxed?

If your Answer is chosen as the “accepted” answer, you will earn ongoing royalties on this thread.
Simply type your Answer in the box below and post your answer.

Learn more about how WebAnswers.com works

Related Questions

I am selling my home-What costs are involved?

(As inexpensively as possible); Title is free and clear; Location-NJ;Private sale-no real estate agent; What am I responsible for legally?

Open | Category: Real Estate | 0 Replies

Can i go home and ask him to leave.

My husband kicked me out after he hit me of the house and doesn't let me back and i need to see my kids. I didn't make police report but i do have pictures to prove it. He also tells me his going to accuse...

Open | Category: Relationships & Family | 1 Reply

Can i go home and ask him to leave.

Open | Category: Custody | 9 Replies

What may I do if I feel the parents of my nephew are/have become unfit

Both parents are doing drugs and leave the child with whomever may be around without asking or telling anyone where they are going. They are also currently fighting amongst themselves and the father took it upon...

Open | Category: Custody | 3 Replies

Land contract home

We sold a house to our daughter on land contract. it is a free and clear deed to us. can she file for a homestead exemption on this house, since she lives there and has home owners insurance in her name and pays...

Open | Category: Taxes | 0 Replies