tax implications of joint home ownership

Last year my mother used a quit claim deed to transfer her home from her name solely to our names jointly (so ownership would transfer to me if she died). No money was exchanged. I do not live in the home. The home is in MI and I am in TX. She owns the home and pays all property taxes. What needs to change about our income taxes? Do I claim ownership on my taxes even though I do not live there and I pay no expenses for the home? Does she need to do anything differently?

Hi--we normally do not give specific tax advice on this site; you may check the H & R Block web site for 20 dollars: HR Block Tax Advisor link --

http://www.hrblock.com/taxes/product...p?productId=44

Hi-

I'm sorry. I wasn't necessarily looking for specific tax advice (I realize I didn't word my question well). I think my question is a broader one: just because I am now on the deed, do we have to treat the house as jointly owned? It would be easiest if we could ignore the fact that I am on the deed and proceed as if she is the sole owner and I do not own a home, but I don't know if this is legal.

If this is also an inappropriate question for this forum, please let me know and we can let the thread die.

Thank you!

You don't have to involve it as a matter of law going forward; you can wait until it is sold etc. to deal with it as to your finances.

But still you may want a tax person to discuss the transfer or gifting of the home as that often does have some tax consequences.