Premise:
My wife and I own a condo. If we donate (this year) to our daughter a portion of the condo value (up to $ 36,000) since we are Married Filing Jointly) and then we continue with this gift for the next 5 years (approximately $180,000).
Question:
What impact (on us or our daughter) does the 5 years donation will have in future taxes if eventually we donate the condo to our daugther?
Thanks in advance for your response.
Leslie R. Quiros
