I have a similar but slightly different situation. I was on the title of a home with my mom who has lived there for 16 years. The mortgage on this home was in my name. This last year my mom inherited some money and paid off the mortgage, and met with an attorney and took my name off the property deed. The attorney who did the transfer for us sent me a 1099-S for $95k. We didn't actually sell the home, but my mom did pay off the mortgage on it which was in my name. Do I need to pay capital gains taxes on this $95k?
