Capital Gains w/ Cosigner

[Nate Turner]

Ok, so we are just about to sell our single family w/ legal accessory that we bought less than a year ago, and I'm researching how capital gains is going to work. I have a cosigner on the loan who is in the highest tax bracket who I will be splitting the profit from the sale with. With this profit counted as just my income, I would still only be in the 15% tax bracket as I understand it. Question: Do I need to have the cosigner sign he property over to me so I get the lower tax rate on capital gains? OR are we supposed to both take our individual splits of the $$ and then count the capital gains tax separately based on our own tax bracket? Thanks!