Cosigning means double income tax???

[David Ackley]

Hey all, 

I've just put in an offer for a client who's pre-approved with her father as a cosigner.

They are TN residents & the daughter is moving here to KY for work & is purchasing the property as her home.

I've been told that as co-signer, the father could get hit with KY income tax as putting his name on the deed will make him a KY resident.

I believe that only applies to a property that creates a flow of rental income, correct? 

Any truth to it?

TIA