Co-signer - Taxes after sale?

[Andre Pinheiro]

Hi Everyone!

I will be cosigning a refi for my parents in California, my question is the following.

Once they sell their property am I still responsible to report on my taxes and possibly pay taxes on it? I'm not gonna be making payments  or take any piece of the cake once they sell their condo I just want to help them lower their monthly payments but the same time I'm concern if I will get hit w/ taxes. Let's say they make 100k in profits is it 50/50 for the IRS? or how would it work?

Thank you in advance for your help!