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

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CA Quitclaim Deed

Posted by Nancy LA on March 18, 2004 at 4:14 PM

I'm trying to quitcliam deed my investment property to a land trust (I'm the beneficiary now, will change it to my LLC when it's set up). I'm not too sure about how to fill the form. what to put in as documentary transfer tax. The house was bought for 168,400 in San Bernadino County, CA .. Do I actually have to pay the stated transfer tax?

The Quitclaim deed goes like this:

The undersigned grantor(s) declares(s):
Documentary transfer tax is $_____________
(check box) Computed on the full value of property conveyed, or
(check box) Computed on the full value less the value of liens and encumbrances remaining theron at the time of the sale.
(check box) Unincoroprated area (check box) city of _________

thanks for the help!

Nancy


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