[WSBARP] Excise Tax

[Nestor Gorfinkel]

Unmarried couple, bad breakup and one is taking out the other from title.
There will be a refinance and excise tax will be paid on ½ of the balance of mortgage. On REETA I just assumed we indicate partial sale and no other consideration. I was told that there has to be a gift exemption supplement for any difference in ½ the appraised value. Is that the case?


Cordially,

Nestor Gorfinkel, Attorney at Law
Licensed in Florida & Washington State
Florida Civil-Law (International) Notary

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