If my girlfriend and I are purchasing a $1 million house together that we would both live in and she is putting a down payment of $50,000 and I am putting a down payment of $200,000, is that considered a gift from me to her (which I would have to pay gift tax for)?
-I will be on the title but not the loan for the house.
-I would be wiring the money directly to the title company or closing agent when the time comes to close on the house.