No, as your son is now the legal owner of your former home, your son should report the rental income. Additionally, as the new owner of the home, you might need to consider the gift tax implications of paying the mortgage, utilities, property taxes, etc. because your son gets the benefit of you paying these expenses for a house that your son now owns.
You may also want to update the lender of the mortgage now that title of the home has passed to your son.
@edessabr
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