I co own with my brother - Would he be taxed on capital gains?

[Jake Paul]

Background: I bought my place in July 2020. It is my primary residence for almost 2 years, however on the title of the home my brother is listed as 25% owner. We would like to sell the property in order to upgrade to a home 8-12 months from now.

Question: If I were to sell I wouldn't be taxed on capital gains, but would my brother be taxed? If he would, is there a way we can get around that? We plan on using the full amount as a down payment on our next property. Also, how long would I have to purchase a new property? We would like to wait 1 year +

Any advice is appreciated. Thank you.

[Ashish Acharya]

Yes, he will. 

If this was ever a rental, then you should have filed a partnership return most probably. 

If this was just a primary residence and he owned 25% of it, using the money for another down payment is not going to help him avoid taxes.