How can non-resident alien transfer his 50% interest in real property to his US Citizen mother that owns the other 50% ?
Irena's answer
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Answered on February 10, 2023
Generally speaking, you are correct, you may be subject to the gift tax if you transfer your ownership in US-situated real property to your...
Is the American citizen required to pay tax on an apartment that he received as a gift outside the United States
Irena's answer
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Answered on February 08, 2023
The location of the gift is irrelevant to your question. The requirement to file a gift tax return for any gift over the annual exclusion falls on...
Inherited Property
Irena's answer
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Answered on February 08, 2023
Every sale of residential property requires the filing of a 1099, so yes, the attorney properly gave you the form and yes, you are required to...
1.can I trust visa bulletin tables of family sponsered cases in order to predict the approximately wait time of receiving visa??
Irena's answer
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Answered on February 04, 2023
The Visa Bulletin shows when you are eligible to apply for the visa. If you PD is far off, you can generally track the progress of visa openings...
What if my landlord tenant relationship is not with the person trying to evict me but still is a real party of interest?
Irena's answer
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Answered on February 01, 2023
In reality, it’s not unusual or illegal for one party to handle the day to day operations of managing real estate, and as long as there is a...
How do I transfer my deceased moms deed to her home which was a reverse mortgage to her child?
Irena's answer
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Answered on January 30, 2023
Condolences on your loss. Since your mother left a will, you would not be able to transfer anything until the will is probated in the local...
When I loan money to a friend and we write a promissory note with his home a guaranty what do I have to do from there.? ?
Irena's answer
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Answered on January 27, 2023
A "lien" is a public notice that you may have a claim to the property in the event the owner of the property defaults on his promises. There are...
Does the tenant have to pay a re-rental levy of $3200 for moving out earlier than the lease expiration date and for lost rent?
Irena's answer
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Answered on January 26, 2023
New York tenants are responsible for the lease payments through the end of their lease term, but New York landlords have a duty to mitigate losses...
IF I AM FILING A QUIT CLAIM DEED IN NEW YORK, DO I NEED TO ALSO COMPLETE Form RP-5217NYC and Form TP-584?
Irena's answer
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Answered on January 26, 2023
You cannot “file” any deed in New York without the appropriate forms. I would urge you to consider hiring a qualified real estate attorney to...
Can one remainderman sell his interest in the property without notifying the other remainderman?
Irena's answer
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Answered on January 26, 2023
Even if the remaindermen held title with rights of survivorship (unlikely, as it is very rare for parents to leave their estate to siblings with...
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