Question About Taxes |
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General Details |
| Title: |
Tax liability (#365B) |
| Category: |
Taxes |
| Inquirer: |
Ron |
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Initial Price: |
$2.00 |
| Description: |
I record a new deed to my house which includes my son as a joint tenant. I die, my son sells the house. Does he have an IRS income tax liability on the proceeds? If so, what would be the cost basis being he paid nothing for the house? If I list my son as the beneficiary on my bank CD and I die, will my son have tax liability on the value of the CD? |
| Question Expires: |
Question closed |
| End Time: |
2006-06-29 23:14:35 Started:
2006-06-29 11:39:02
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Need More Information In Order To Answer This Question?
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| Q: |
I would be willing to help you with this question for $10. |
| A: |
Ok Answered:
2006-06-29 12:35:27
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