Non-1031 Tax Shelter?

[Brandon Nelson]

Investor in her mid 70's has a rental house. It's been a rental for 10 years and she's never lived in it. Her basis is $170K and its market value is $300K. She does not want to invest in more real estate. She wants to sell, and gift the proceeds to her daughter so her daughter can buy a new primary residence. Is there any viable tax shelter that the two women can utilize to reduce the investor's tax burden? Thanks!