Legal Question in Tax Law in Massachusetts

adding name to title or deed in MA, would that result in any tax complications if both owners decided to sell the house within the next 6 months


Asked on 5/21/10, 9:06 pm

1 Answer from Attorneys

More information is needed to answer the question. For instance is this a home or an investment property. Are you and the other owner married to each other? if so, for how long?

The tax implications will relate to basis, gain on sale, if it is an investment or not?

The short answer to your question is maybe depending on the details provided by you.

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Answered on 5/25/10, 11:42 am


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