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    Viterets's Avatar
    Viterets Posts: 1, Reputation: 1
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    #1

    Mar 16, 2009, 09:02 PM
    How would I complete a real estate deed transfer in TN when property is a gift?
    How would I complete a real estate deed transfer in TN when property is a gift?
    And what taxes I have to pay in procentage rate?
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
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    #2

    Mar 16, 2009, 09:38 PM

    Here is a definition: "A gift deed is a deed in which the consideration is not monetary, but is made in return for love and affection. It is a document which transfers property to another as a gift. Such a deed is often used to present someone with a gift. Transfer of a gift deed can be reported as a gift for federal tax purposes." Gift Deed Law & Legal Definition

    Here is a form: Form No. 15 - Deed From Husband To Wife. Deed Of Gift

    And, you may want to have an attorney prepare or review your project.
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