[WSBARP] FIRPTA gurus

[Craig Gourley]

Good afternoon list mates.  I hope one of you FIRPTA gurus have an answer for me.  I have a Canadian client that wants to gift free and clear residential property to his Canadian son who legally lives and works in the US. I know there is no excise tax but not sure if we need to file anything on the FIRPTA side when no money changes hands and no debt is assumed.   Thanks in advance.   Craig

Gourley Law Group
Snohomish Escrow
The Exchange Connection

1002 10th Street / PO Box 1091
Snohomish, WA 98291

360.568.5065
360.568.8092  fax
Craig at glgmail.com<mailto:Craig at glgmail.com>


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