No. But he must file a gift tax return (form 709). There is not actual tax unless all his gifts exceed $11.7 million.
However, since it is a gift then his basis in the property becomes your basis when you sell the property. If he had just left the property to you in his will then the basis steps up to the value of the property at the time of death.
Gifting the property could end up being very costly to you. Be sure you get all of his records of the original amount he paid for the property and any improvements he added to the property to calculate his (and now your) cost basis.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
