How do the taxes work when you sell a home that is jointly owned? My mother and I are both listed as home owners. We're splitting the money.How will this effect my taxes?

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If you and your mother have owned and used the home as your main home for a period aggregating at least two years out of the five years prior to the date of sale, and have not excluded gain from the sale of another home during the two-year period prior to the sale of your home, then each of you can exclude up to $250,000 of gain from the sale.

See https://www.irs.gov/taxtopics/tc701

See the link below with respect to your basis in the home.

https://www.irs.gov/faqs/capital-gains-losses-and-sale-of-home/property-basis-sale-of-home-etc/prope...