My sister and I are joint tenants of a home. We are not on good terms. I am in need of money and want to sell my share of the home to her. I am thinking she can do a cash-out refinance for an amount to cover for my share of the home and I can quitclaim the home to her. Should the cash-out refinance and quitclaim occur at the same time? Do I have to pay any taxes for this quitclaim? Thank you.
