[WSBARP] Taking non resident alien spouse off title of real estate - tax issues

[Lisa Chiang]

Hi all,

A silly question, as it's been awhile since I've dealt with this scenario,
so want to be sure:

Client is U.S. citizen.  Wife used to hold a green card, which she gave up
after they moved overseas a decade ago.  IRS deems her to be a non resident
alien (NRA) for tax purposes.  Kids are also U.S. citizens (all minors
currently).

Real estate in WA state acquired as community property when they both lived
and worked here.

Client would like to take his wife off title of WA house (she's
agreeable).

*Wondering about gift tax issues before we proceed.  (Will prepare QDOT for
other liquid assets). Any thoughts or wisdom from the group is greatly
appreciated.*

Kind regards,
Lisa


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