This is 250k If they are single.If one of them gives you over 14k in any one year a gift tax return must be filed even if there is no liability due.

In Texas, what's the most straight forward way for a parent to gift a home to an adult child?

Maybe some CPA's can weigh in on this, but I believe if you get an interest rate that is significantly below "going rate" the seller would have gift taxes they would be liable for.

situation: Friend is considering giving another friend a house, they have no family relation (but are close like family-obviously) ..... before proceeding they're both asking if there is a gift tax or any tax implications that the new owner will 'inherit' with this gift?  

Like I said, my gift to the boards is to help folks think and rationalize around the asset class.  

If you can't do hard money, you could go to Simon mall every day for ten days and buy $5k in gift cards.

Your brother will maintain your cost basis in the gifted shares, and you will have to file a gift tax return which will reduce your tax free estate upon death. 2.

spent a lot of time thinking about this and came up with a few ideas..[ ] 100 stamps[ ] Upgrade a fixture in the house[ ] Paint one room of the house, any color but black. [ ] One time 10% percent rent reduction[ ] Babysitting (you have to make all arrangements, up to $35)[ ] 4 Movie tickets[ ] $30 Amazon gift card[ ] A box of mail order item like "nuts/baklava/oranges/etc"[ ] 1 Cheesecake from The Cheesecake Factory[ ] House cleaning coupon ~ $50

I have $35,000 for a down payment but it was a gift from my parents.

Then I taught middle school math from basic to geometry for gifted students for 3 years in a large urban title 1 school.