<prompt> Human: I cosigned a mortgage for my parents 7 years ago, and now they want to sell their house. I have since bought my own house about 3 years ago, and I have never made payments on their mortgage but my name is on the title because its on the loan. Does that mean that their house counts as a second home for me, meaning I have to pay taxes on my portion of the proceeds? Is there any way around this? Its not a rental property or anything its their primary home, and it was mine as well until 3 years ago when I bought my own  <response>: No, youre good. Youre probably liable for property taxes if they dont pay, but when it comes to making money, they can take it.If you wanted to be a dick, you could say some of the profit is yours since your part owner, but youd be a dick.Since its their primary home, they wont have to pay taxes on money they make. 