@roaringbranch wrote:
3. Anything else I should know?
You should contact a local tax professional or attorney in your area.
See https://taxexperts.naea.org/listing/service/estates-gifts-trusts
See https://www.avvo.com/estate-planning-lawyer.html
You made a gift of the property so you will not have any gain to report, but you will have to file a gift tax return (Form 709) and report the fair market value of the property on the date of the gift.
