Tag: IRS and Real Estate Gifts

  • Using a Quitclaim Deed: What Are the Drawbacks?

    Using a Quitclaim Deed: What Are the Drawbacks?

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    by

    Deeds.com
    in

    A quitclaim deed is a simple form that transfers a piece of real estate from one person to another. Any homeowner can fill out a quitclaim deed with their name and the name of the recipient, and the property’s existing legal description, sign it in front of a notary and record the document. That effectively…