Legal Question in Real Estate Law in Texas

Quit claim deed can still claim capital gain?


Asked on 10/06/14, 6:36 pm

1 Answer from Attorneys

Robert Newton The Law Office of Robert Newton, P.C.

I think so. A quit claim deed merely speaks to the fact that the grantor is not warrantying any title. In other words, the buyer gets whatever interest the seller had. If the seller had none then the buyer got none. I don't personally know of any instances where a quit claim deed would affect taxes any differently than other deeds (except for the amount of interest actually received). To be sure, it wouldn't hurt to ask a CPA.

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Answered on 10/07/14, 11:27 am


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