If you remove yourself from the deed, you are gifting your ownership to your dad which may require the filing of a gift tax return.

LOL) that week just flew by, too busy trying to buy gifts for this Christmas party at my friends house, and too many last min change of plans...

The way we structured it was that the 5% commission was a "gift" to my wife who was also on the loan/title.

A way to account for the additional borrowing (or in this case effectively a cash gift towards down payment) is to attribute an interest rate to the $500k (or even an interest free loan over 30 years).

From what I have read, this is viewed as a "gift" and so the capital gains tax implications change based on local laws/regulations.

I am a co My nephew and I were on the deed from 2019-2022, then he transferred to me as sole owner as a “gift” since he doesn’t want to pay mortgage anymore.

Think speed dating, not romantic dinner. 

The 10-year units are a gift of technology I have happily adopted.I appreciate the comments through this thread about maintenance responsibility and risk. 

It's hard to ignore the benefit that any tax saved is basically a wealth transfer gift to the beneficiaries. 

It was the gift of low interest rates that made the valuesdramatically increase.