My question involves real estate located in the State of: California
My son and I are the co-owners of a property in San Francisco that was bought three years ago. I only paid for a small portion of the down payment (sort of making a personal loan to him) and he paid most of the downpayment and all the mortgages since. Now we want to change the title so he'd have a 100% ownership. How do we go about doing this and is there any tax consequences?