Hello,
I have joint ownership on my primary residence with my mom. She co-signed on the loan, and I am pretty sure she is on the deed as well. She owns her own house, and thus does not live at the property I'm referring to. I have owned this property for 2 years, and have $200k+ in capital gains. My question is, will I be eligible to defer these 2 year capital gain taxes since it was my primary residence. Will my mom being on the deed, and living elsewhere jeopardize the 2 year residency capital gain rule?
