@NCperson wrote:What are they sharing?
Upkeep and general maintenance? Ex: Parent owns the home, Son lives there and looks after the property (i.e., keeps it clean, secures it, etc.) and makes the mortgage payment.
If you take a variation on a theme here, the son could simply make a gift of the same amount as 12 months' worth of mortgage payments (or close thereto) at the end of each year, or the beginning of each year, to the parent. Where's the income in that event?
