<prompt> Human: Looking for advice. My dad lives in Illinois and I live in Virginia, he wants to move with me and give me 100k for a house with an in-law suite of course.Were really just seeing the easiest way to do this without getting hit with taxes. The options I see are; he can just give me the money but I think he would have to pay a ridiculous gift tax. Or he could be a cosigner on the mortgage and put the money straight towards down payment.I also have three kids and was told they could each receive 14K and myself 10K per year without a gift tax, and because the kids are minors I could then transfer the money to me through their accounts since I manage them.Also I am self employed with an Llc. Could he make an investment into the business. I do plan on having or building a warehouseshop on the purchased property.Thanks  <response>: There is no gift tax, per se. Your father has to report the amount above 14k on his taxes and it counts against his lifetime exemption from estate taxes 5.xx million, but he wont owe any extra money on his taxes.If he expects he will have an estate over 5.xx million, he can amortize 70k over five years and then only report 30k overage, but then his annual gift limit that doesnt require reporting will be 0 for the next five years.Tl;dr: Dont worry so much about it. 