RobertG
Expert Alumni

Get your taxes done using TurboTax

It depends who lives there.  If you live there and are deducting the interest and taxes, the gift to her is just the principal.

 

You are correct about the 15K limit.

 

Keep in mind that even if you go over the limit and have a filing requirement, you don't pay gift tax until you go over the lifetime limit of $11.58 Million.

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