Deductions & credits


@johankok wrote:
We are paying cash for the house. Who should I put the house name under

You should consult, in person, with an estate planning attorney and/or a tax professional with experience in gift and estate tax matters.

 

If you give a gift of more than $15,000 to any one individual in any one tax year, you are required to prepare and file a gift tax return (Form 709). 

 

See https://www.irs.gov/instructions/i709#idm140554828371904

 

 

Seek professional guidance.