In June 2018, I was a co-borrower (also on title) of a home for my mother. I never resided in the home. We did about $12,000 of improvements prior to occupancy. The initial down payment and subsequent expenses were about 60 (mom)/40 (me), but there isn't a paper trail to indicate that split. The mortgage has come out of my bank account. We are under contract to sell the home for approximately $50000 more than we purchased it for. Are there any ways to reduce/avoid paying taxes on my portion of the gain come tax time?
