Serbinski Accounting Firms

Thanks for the response.

The house is going to be my spouses (her downpayment and name on deed, without my name on it). I therefore assumed that i could avoid the capital gains as it is not my house in any way. Would seem unfair to get hit with any capital gains on something that isn't mine ...

Hi,

Looking into buying my first house with my spouse and have some questions regarding the potential mortgage phanthom FX gain upon refinancing or repayment of the mortgage.

If my spouse obtains the mortgage and I co-sign, would that protect me from having to pay taxes on any potential phantom fx ...