Tax question for a newbie, any help would be greatly appreciated!

[James Hamre]

Hello all,

I'm brand new here and brand new to the investment world.  I've been reading through here a lot and learning as much as I can before I jump in.  My question is not necessarily investment related but I'm still hoping someone can help.  

Due to the fact I was unable to get approved for a loan when I purchased my current residence, my father received the loan for me with an agreement that I make all payments and once we sold I would still get the profits.  So my question is how do we transfer the money to me without him being hit with a big tax bill?  Something we did not think about when we made this agreement.