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

    Jan 10, 2009, 03:17 PM
    Co-owned property selling/transferring my half to another family member
    We co-own a piece of property with a hunting camp on it with my brother. My parents would like to purchase my "share". How do I go about changing the deed to reflect this?
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
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    #2

    Jan 10, 2009, 09:57 PM

    Is the property owned, 'free and clear'? In other words, is there any debt against the property? If there is going to be money changing hands, you should have an attorney prepare a deed and closing statement because the IRS requires the appropriate 1099.
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