Shelton, WA asked in Tax Law for Washington

Q: Can my current wife and I gift my townhome to my son and his mother, my first wife without paying a gift tax?

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1 Lawyer Answer
Chad Silver
Chad Silver
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Answered
  • Tax Law Lawyer
  • Pontiac, MI

A: This depends on how much the value of the townhome is. There are tax free gifts available but it depends on the amount to be gifted. Please give my office a call so we can discuss the proper gift tax returns and amounts you can gift tax free. Call Silver Tax Group at 855-900-1040

Best,

Chad

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