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Registered
Join Date: Mar 2003
Location: Charlottesville Va
Posts: 5,952
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Quote:
Originally Posted by Bugsinrugs
I may be wrong but you won’t get a stepped up basis if your name is added to the deed. Tax implications need to be considered.
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Yes, that's a good point. This blog indicates that so long as you didn't provide funds for the purchase you still get the basis step up on their death. https://www.linkedin.com/pulse/understanding-joint-tenancy-tax-griffin-bridgers/
But I'd confirm.
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Greg Lepore
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Last edited by greglepore; 11-02-2025 at 05:01 AM..
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