Transition Home to a Rental

[John Jarvis]

Hi All,

I'm brand new to the site, so I hope I'm posting in the correct forum. I would like to transition my home (which I own in my own name) to a jointly owned rental (with an investing partner) next year. The main consideration on the timing is such that I can capture the capital gains exclusion. What is the best way to do this ? Sell a half share to my partner ? Sell the entire property to myself and my partner ? quit claim a half share for payment ? Has anyone been down this route ?

Thanks
John