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    tavblanar's Avatar
    tavblanar Posts: 1, Reputation: 1
    New Member

    Nov 27, 2009, 07:14 AM
    Pro and cons of adding a name to home deed
    What are the tax implications to any parties or future tax to adding daughters name to deed on house
    s_cianci's Avatar
    s_cianci Posts: 5,472, Reputation: 760
    Uber Member

    Nov 28, 2009, 08:23 AM

    She could become jointly responsible for the property taxes, at least "on paper", even if you currently pay them and plan to continue doing so. Down the road, if you were to sell the home, with your daughter's name on the deed she could also share the liability for capital gains if that becomes an issue. Is her name on the mortgage also (if there is one?) If so, she could be entitled to half the federal tax deduction for the interest.

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