Hello @mazman1381
Thank you for joining us today, we are so happy you are here!
I will answer the question with my understanding of the question. I'm assuming when you say we would each gift him partial equity, I'm assuming you and your spouse. With that understanding, the answer would be yes, you can each gift 17,000 per year or 34,000 per married couple and avoid gift taxation. You can continue that year after year, there is not limit on how many years you can gift the same person, although the amounts may increase year after year. Also, if your son is married, you could gift him the 17, 000 and his spouse 17,000, and any of their children.
I hope this answers your questions! Have a wonderful day!
Holly W
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