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Hi,
Same question. I bought a townhome last year to be used by my son while he is in college. It's Joint Tenancy with he and I on the deed. I paid the down payment and am co-signer on the loan. I assume I need to fill out form 709 with the amount showing that he is gifted 50%. When we sell I assume we can do the opposite.
D.R.
‎April 2, 2022
4:29 PM