<prompt> Human: My partner and I arent legally married yet. Were in California, looking to purchase a property together as Joint Tenants with Right of Survivorship. Around 800k Bay Area yay, with 10 down Physicians mortgage no PMIWe will both contribute equally to the mortgage payments. But, the entire down payment will come from me 80k.Would this be considered a 40k gift to my partner, and be taxable as income? If so, is there any alternative way to not incurr the tax? I guess she could contribute 26k, with the remaining 14k being under the annual gift allowance and thus not taxable. Any other possibilities, or other tax implications I should be aware of?  <response>: Would this be considered a 40k gift to my partner, and be taxable as income?Gifts are not taxable income, and gift taxes are not paid by the receiver. They are paid by the giver, after they have given away 5.45M in their lifetime.14k being under the annual gift allowance 14k is the per person yearly limit before it comes off your lifetime exemption.Any other possibilities, or other tax implications I should be aware of?One of you buy the house, the other pays close-to-fair-market rent. Re-evaluate if you get married. 