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Posted by rikkus256 on October 1, 2007, 6:32 am
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Hello all, I have a question about transferring property
from my parent to me.
The house we live at is joint-owned by my parents. My dad is
a permanent resident (greencard) while my mom is a
non-resident. If my parents want to transfer the house to my
name (I am also a non- resident, have applied and currently
waiting for greencard), how should I do it and will I (or my
parents) be taxed? Both of my parents are retired, my dad
live with me and my mom lives oversea.
Thanks in advance!
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