Because you're on the deed and mortgage it does not appear you need to do a "Gift Tax" return for your daughter...you're obligated to pay a debt and have an interest in real-property yourself...you pooled resources to buy something you participate in equally. There are a few details missing from the story: How much did you put toward the down-payment? Does she pay less than 1/3 the mortgage? How much is the mortgage monthly? What happens if you and your hubby move out/pass away? Is it Tenants in Common or JT With Rights of Survivorship or Life Estate for Mom and Dad in Daughter's name 100%...But I'm very comfortable asserting this is a "No Gift" situation.
