Possibly. You will need to report the sale, as all sales are to be reported. However, it depends on your cost basis as to whether it will be taxable. If you had a loss or did not make any profit, then it would not be taxed, but still need to be reported. If you had a gain, then it would be taxed.
If the house cost $100,000 and you were both paid $50,000, then you did not have a gain on the sale, so you would report your income as $50,000 and your cost basis as $50,000 so it would be a wash. If you had a gain, if you both bought and sold the home in 2024, then this would be a short term gain and taxed as ordinary income.
If you owned and lived in the house for 2 years or more than this would fall under the home sale exclusion.
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