[WSBARP] REETA - Gift WAC

[Nick Pleasants]

Jan,
There are a bunch of “secret” WAC codes for gift exemptions. You can see them if you have a Simplifile account because you basically input the REETA. But I will say that using Simplifile greatly reduces the chance of a rejection because it forces you to pick one of the acceptable WAC codes. For gifts, the secret codes are:
458-61-A-201(a)(1) – Gift – Grantor pays debt, other consideration given
458-61-A-201(a)(2) – Gift – Grantee pays no debt
458-61-A-201(b)(1) – Gift – no debt, no consideration given
458-61-A-201(b)(2) – Gift – grantor pays debt, no other consideration given
458-61-A-201(b)(3) – Gift – Grantee always make[sic] payments, no consideration given
458-61-A-201(b)(4) – Grantor/Grantee always share payments, no other consideration given

The codes sort of match the Supplemental Statement, but are also not actually in the WAC, and therefore I consider them the secret made up codes that DOR uses. Hope that helps.

Best,
Nick
Nicholas Pleasants | Shareholder

[OseranHahnAttyatLaw 8]

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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Jan Kelly
Sent: Thursday, August 4, 2022 11:55 AM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] REETA - Gift WAC

Good morning,

I think there was a discussion recently on this topic, but I can't find it.  I'm trying to file a deed to convey property by gift. I used the WAC 458-61A-201, which is also what is stated on the REETA supplemental statement. It was rejected for "incomplete WAC code."

Just my opinion ... King County. I think they high-five each other when they find a way to reject a filing.

Can anyone shed some light on this question for me?

--

Jan Kelly, JD/MBA
Attorney at Law

JK Law
PO Box 1964
Poulsbo, WA 98370
Direct Line (702) 338-6733

Licensed in Nevada and Washington.

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