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"where do I report this transaction on my 1040?"
That effectively would constitute a gift to your daughter and not a reportable transaction on an income tax return.
However, you would probably need to report the transfer on a gift tax return (Form 709).
Please see the link below and also seek a consultation with legal and tax professionals.
https://www.irs.gov/pub/irs-pdf/f709.pdf
"where do I report this transaction on my 1040?"
That effectively would constitute a gift to your daughter and not a reportable transaction on an income tax return.
However, you would probably need to report the transfer on a gift tax return (Form 709).
Please see the link below and also seek a consultation with legal and tax professionals.
https://www.irs.gov/pub/irs-pdf/f709.pdf
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