As stated above, if the company considers this a 'gift' to you, you don't need to report it. They probably had you do the W-7 as a procedure. You could document your conversation with the president of the company just in case.
If your daughter is not required to file a return (did she receive a 1099-Misc?), she wouldn't report it either. If her unearned income exceeds $1100, she would need to file.
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