We'd like to gift my son $300,000 for a partial down payment on a house but don't want to go over the $17,000 per year gift tax exclusion. (He'll put in $200,000 of his own money.) We would both be owners of the home with him making the mortgage payments.
Would we be able to gift him partial equity in the home of $10,000 each per year ($20,000) for 15 years and avoid gift tax reporting?
