Hal_Al
Level 15

Deductions & credits

So, if the deed is held as  Tenants in Common; the poster can do what he wants; have the closing agent make the check payable to Mom. Mom takes a full home sale exclusion, and nobody pays capital gains tax.

If the property is titled as Joint tenants, poster reports half the capital gain on his return and Mom excludes  her half as the sale of her primary residence