What tax do I have to pay if my parents transfer a title of their home to me as a gift in AZ? - transfer as emt to colorado
My parents are not here in the States to stay and live in South Korea. He bought a house in Arizona with cash, so it is fully paid. You want to transfer to the possession, my name as a gift. What is the process of introducing this happen and can have the kind of tax consequences, or should pay? If anyone knows please let me know, thanks.
2 comments:
I consult with the State of Arizona. More than likely, you'll find a "luxury tax and pay property taxes. How fortunate you are to own a home without paying for it! Honor your family to take care of him!
I consult with the State of Arizona. More than likely, you'll find a "luxury tax and pay property taxes. How fortunate you are to own a home without paying for it! Honor your family to take care of him!
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