Maximum "Gifting" to avoid capital gains

[Yern Chao]

Hello

We are considering selling our duplex in Chico, CA but are worried about paying capital gains on our property. I know to avoid this, we could do a 1031 exchange, but we are not entirely sure we want to stay in the real estate business. 

To make my calculations "easier", say we gain $90k on the home. Is it possible to gift all of it (in $10,000-15,000 increments) to 7 of my siblings (I have 9) to avoid capital gains tax?  I read somewhere that the max allowed per year was $15,000 per person and lifetime gifting was 11 million for us.