text: If you are on the title to the property...YES.\n\nNot if you are only a co-signer on the loan.\n\nYou can deduct 250k from home sale profits once every 5 years. Just have her use this total deduction (actually home sale profit) on her taxes. You can also "split" the profit any way you like on the taxes but...have her take it, you may sell in a couple years and need it.\n\n==================================