Geez Helen, I don't know. What do you think?

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Re: THT questions

Posted by Jk (the other Jk) on March 15, 2004 at 6:45 PM

In Reply to: THT questions posted by K.D. on March 14, 2004 at 3:03 PM

: You said in anothe post, that a THT can not be found in any public records or the like since it is not recorded anywhere...

: 1.) So if I pull up the public records on a property owned by a THT, what will show as the owner info??


: 2.) If a Title Holding Trust holds "Income Producing/Investment" (Rent money)Properties does it avoid paying taxes?


:
: Thanks in advance

The public records will show the Trustee's name:
John Doe Trustee of the XYZ Trust dated 01/10/2001

The trust does not avoid paying taxes. The trust will need to get an EIN, file a K-1 partnership agreement, and 1099 the beneficiaries of the trust.


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