<div dir="ltr"><div class="gmail_default" style="font-family:arial,sans-serif;font-size:small">If the gift exemption is being used, the supplemental statement is required. If there is a significant difference between 1/2 the mortgage balance and 1/2 the overall value of the property, I would recommend using the gift exemption for the difference, just to reduce the risk of a DOR audit of the REETA. Also, the amount of "consideration" may depend on who has been making the payments - there are several options on the supplemental statement (e.g., if the grantee has been making 100% of the payments and will continue to do so, then there is no consideration in the eyes of DOR). <br><br>Another consideration is that if the gift exemption is used, the grantor may need to file a federal gift tax return. </div><div><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div><br></div><div style="color:rgb(0,0,0)"><font face="arial, sans-serif"><b>Spencer A. W. Stromberg</b><br></font></div><div style="color:rgb(0,0,0)"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><div dir="ltr"><font face="arial, sans-serif">Attorney at Law</font></div><div dir="ltr"><font face="arial, sans-serif"><br></font><div></div><div><font face="arial, helvetica, sans-serif"><img width="200" height="36" src="https://ci3.googleusercontent.com/mail-sig/AIorK4wMRe_ukoUDSfEk1B9GOtzEv1ZmETJ5W4aT8G-i1q6fL7AkhPL9-7Q-uOEqpeS39zB_6R0N47HVfeKJTfKSM6im7XYlsivfchznVeSWqQ"><br></font></div><div></div><div><font face="arial, sans-serif">1403 S. Grand Blvd., Suite 201-S<br></font></div><div><font face="arial, sans-serif">Spokane, WA<span> 99203-2278</span></font></div><div><font face="arial, sans-serif"><br>P:<span> 509.455.3713</span><br>D:<span> 509.828.4644</span><br>F:<span> +1.509.455.3718 (must dial 1 before area code)</span></font></div><div><font face="arial, sans-serif"><span style="font-size:12.8px">E: </span><a href="mailto:spencer@lucentlaw.com" style="color:rgb(17,85,204);font-size:12.8px" target="_blank">spencer@lucentlaw.com</a><br></font></div><div><div style="font-size:12.8px"><font face="arial, sans-serif"><br></font></div><div style="font-size:12.8px"><font face="arial, sans-serif"><a href="https://www.lucentlaw.com/" style="color:rgb(17,85,204)" target="_blank">lucentlaw.com</a></font></div><div style="font-size:12.8px"><a href="https://www.facebook.com/lucentlaw" target="_blank">Facebook</a><br></div><div style="font-size:12.8px"><a href="https://www.linkedin.com/company/lucent-law" target="_blank">LinkedIn</a><br></div><div style="font-size:12.8px"><a href="https://twitter.com/LucentLaw" target="_blank">Twitter</a><br></div><div style="font-size:12.8px"><br></div><div style="font-size:12.8px"><div><font face="arial, sans-serif"><span style="font-size:x-small">CONFIDENTIALITY NOTICE: This email and any attachments are confidential and may be protected by legal privilege. If you are not the intended recipient, be aware that any disclosure, copying or distribution, or use of this email or any attachment is prohibited. If you have received this email in error, please notify me and delete it from your system.</span></font><font color="#262626" face="verdana, sans-serif"><span style="font-size:13px;line-height:16px"><i><br></i></span></font></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div><br></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Wed, Apr 19, 2023 at 7:46 PM Meyler Legal, PLLC <<a href="mailto:samuel@meylerlegal.com">samuel@meylerlegal.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex"><div dir="auto">Mark,<div><br></div><div>Piggybacking off of this, what if 50% of the balance of the mortgage plus cash that is being paid as consideration, is still less than 50% of the tax assessed value. Do you know if a supplement statement still needs to be provided? <br><br><div dir="ltr"><br><div><p class="MsoNormal" style="margin:0in 0in 0.0001pt"><span style="background-color:rgba(255,255,255,0)"><br></span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt"><b style="background-color:rgba(255,255,255,0)">Samuel M. Meyler</b></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt"><b style="background-color:rgba(255,255,255,0)">Meyler Legal, PLLC</b></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt"><b style="background-color:rgba(255,255,255,0)">1700 Westlake Ave. N., Ste. 200</b></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt"><b style="background-color:rgba(255,255,255,0)">Seattle, WA 98109</b></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt"><b style="background-color:rgba(255,255,255,0)">Main: 206-876-7770</b></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt"><b style="background-color:rgba(255,255,255,0)">Fax: 206-876-7771</b></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt"><b style="background-color:rgba(255,255,255,0)">Direct: 206-876-7772</b></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt"><b style="background-color:rgba(255,255,255,0)">Email: <a href="mailto:samuel@meylerlegal.com" target="_blank">samuel@meylerlegal.com</a></b></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt"><b style="background-color:rgba(255,255,255,0)"><br></b></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt"><b style="background-color:rgba(255,255,255,0)">NOTICE:</b></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt"><span style="background-color:rgba(255,255,255,0)"><br></span></p><p class="MsoNormal" style="margin:0in 0in 0.0001pt"><span style="background-color:rgba(255,255,255,0)">This electronic message contains information which may be Confidential or Privileged and constitutes an electronic communication within the meaning of the Electronic Communications Privacy Act 18 USC 2510. The information is intended to be for the use of the individual or entity named above. If you are not the intended recipient, please be aware that any disclosure, copying, distribution or use of the contents of this information is prohibited. If you received this transmission in error, please notify the sender and delete the copy you received together with any attachments. Thank you.</span></p></div></div><div dir="ltr"><br><blockquote type="cite">On Apr 19, 2023, at 6:00 PM, Mark Anderson <<a href="mailto:marka@mbaesq.com" target="_blank">marka@mbaesq.com</a>> wrote:<br><br></blockquote></div><blockquote type="cite"><div dir="ltr">
<div>
<p class="MsoNormal"><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(0,32,96)">How much is the one person agreeing to be paid by the other person for their interest in the property? One half the balance of the mortgage? If that is the only
consideration and if there is any equity in the property then, yes, the parties should execute and provide a Supplemental Statement reflecting the gift.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(0,32,96)"><u></u> <u></u></span></p>
<div>
<p class="MsoNormal" style="margin-bottom:12pt"><b><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(34,42,53)">Mark B. Anderson<br>
</span></b><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(34,42,53)">ANDERSON LAW FIRM PLLC<br>
821 Dock St Ste 209 PMB 4-12<br>
Tacoma, Washington 98402<br>
+1 253-327-1750<br>
+1 253-327-1751 (fax)<br>
<a href="mailto:marka@mbaesq.com" target="_blank"><span style="color:blue">marka@mbaesq.com</span></a><br>
<a href="http://www.mbaesq.com/" target="_blank"><span style="color:blue">www.mbaesq.com</span></a><b><u></u><u></u></b></span></p>
<p class="MsoNormal" style="margin-bottom:12pt"><b><span style="font-size:10pt;font-family:"Arial Narrow",sans-serif;color:rgb(0,32,96)">CONFIDENTIALITY NOTICE<br>
</span></b><span style="font-size:10pt;font-family:"Arial Narrow",sans-serif;color:rgb(0,32,96)">This transmission is confidential and is intended solely for the use of the individual named recipient. It may be protected by the attorney-client
privilege, work product doctrine, or other confidentiality protection. If you are not the intended recipient, or the person responsible to deliver it to the intended recipient, be advised that any dissemination, distribution, or copying of this communication
is prohibited. If you have received this transmission in error, please immediately notify the sender via e-mail or by telephone at (253) 327-1750 that you have received the message in error, and then delete it. Thank you.</span><span style="font-size:7.5pt;font-family:Arial,sans-serif;color:rgb(0,32,96)"><u></u><u></u></span></p>
</div>
<p class="MsoNormal"><span style="font-size:10pt;font-family:Arial,sans-serif;color:rgb(0,32,96)"><u></u> <u></u></span></p>
<div>
<div style="border-right:none;border-bottom:none;border-left:none;border-top:1pt solid rgb(225,225,225);padding:3pt 0in 0in">
<p class="MsoNormal"><b><span>From:</span></b><span> <a href="mailto:wsbarp-bounces@lists.wsbarppt.com" target="_blank">wsbarp-bounces@lists.wsbarppt.com</a> <<a href="mailto:wsbarp-bounces@lists.wsbarppt.com" target="_blank">wsbarp-bounces@lists.wsbarppt.com</a>>
<b>On Behalf Of </b>Nestor Gorfinkel<br>
<b>Sent:</b> 04/18/2023 1:46 PM<br>
<b>To:</b> WSBA Real Property Listserv <<a href="mailto:wsbarp@lists.wsbarppt.com" target="_blank">wsbarp@lists.wsbarppt.com</a>><br>
<b>Subject:</b> [WSBARP] Excise Tax<u></u><u></u></span></p>
</div>
</div>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal">Unmarried couple, bad breakup and one is taking out the other from title.<u></u><u></u></p>
<p class="MsoNormal">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? <u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal"><span>Cordially,<u></u><u></u></span></p>
<p class="MsoNormal"><span><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="color:black">Nestor Gorfinkel, Attorney at Law<u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:black">Licensed in Florida & Washington State<u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:black">Florida Civil-Law (International) Notary<u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:black"><u></u> <u></u></span></p>
<p class="MsoNormal"><span></span></p><div><image001.jpg></div><span style="color:black"><u></u><u></u></span><p></p>
<p class="MsoNormal"><span style="color:black"><u></u> <u></u></span></p>
<p class="MsoNormal"><b><span style="font-size:10pt;color:black">ATTENTION - This e-mail message and any attachment to this e-mail message may contain confidential information that is legally privileged. If you are not the intended recipient,
you must not review, retransmit, convert to hard copy, copy, use or disseminate this e-mail or any attachments to it. If you have received this e-mail in error, please notify us immediately by return e-mail or by telephone at the phone numbers provided herein
and delete this message. Please note that if this e-mail message contains a forwarded message or is a reply to a prior message, some or all of the contents of this message or any attachments may not have been produced by the sender.<u></u><u></u></span></b></p>
<p class="MsoNormal"><b><span style="font-size:10pt;color:black"><u></u> <u></u></span></b></p>
<p class="MsoNormal"><b><span style="font-size:24pt;font-family:Webdings;color:rgb(0,153,0)">P</span></b><b><span style="font-size:24pt;color:rgb(0,153,0)">
</span></b><b><span style="font-size:9pt;font-family:Verdana,sans-serif;color:rgb(0,153,0)">Please consider the environment before printing this e-mail.</span></b><span><u></u><u></u></span></p>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal"><u></u> <u></u></p>
</div>
<span>***Disclaimer: Please note that RPPT listserv participation is not restricted to practicing attorneys and may include non-practicing attorneys, law students, professionals working in related fields, and others.***</span><br><span></span><br><span>_______________________________________________</span><br><span>WSBARP mailing list</span><br><span><a href="mailto:WSBARP@lists.wsbarppt.com" target="_blank">WSBARP@lists.wsbarppt.com</a></span><br><span><a href="http://mailman.fsr.com/mailman/listinfo/wsbarp" target="_blank">http://mailman.fsr.com/mailman/listinfo/wsbarp</a></span></div></blockquote></div></div>***Disclaimer: Please note that RPPT listserv participation is not restricted to practicing attorneys and may include non-practicing attorneys, law students, professionals working in related fields, and others.***<br>
<br>
_______________________________________________<br>
WSBARP mailing list<br>
<a href="mailto:WSBARP@lists.wsbarppt.com" target="_blank">WSBARP@lists.wsbarppt.com</a><br>
<a href="http://mailman.fsr.com/mailman/listinfo/wsbarp" rel="noreferrer" target="_blank">http://mailman.fsr.com/mailman/listinfo/wsbarp</a></blockquote></div>