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04-03-2009, 01:13 PM #1
Renter
- Join Date
- Apr 2009
- Posts
- 2
Help me
If I paid off my friends mortgage as a gift will they face any tax consequences?
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04-05-2009, 08:51 AM #2
Condominium
- Join Date
- Dec 2008
- Location
- Las Vegas, NV
- Posts
- 251
Depending on the amount they may.
You should consult a CPA for the most accurate answer. You may want to put the home into an LLC which you both own and then pay it off to avoid paying taxes on the money.
Originally Posted by mohn
Best Regards,
Robert Adams
Broker/Salesman
Rothwell Gornt Companies
CREHadams@gmail.com
Robert@RothwellGornt.com
http://www.LVrealestateHELP.com
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04-15-2009, 06:30 AM #3
Fixer Upper
- Join Date
- Apr 2009
- Posts
- 73
wow.. i hope that someone will pay my mortgages... hehehehe is it possible that they will suffer consequences....
HELLO FROM MIAMI...!!!
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