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The homestead exemption is available only to individual homeowners domiciled in the District who maintain the property as their principal residence. Since only your daughter, and not you will not be living on the property as a principal residence you would not qualify.
A quit claim deed like any other deed conveys full ownership of the property. A quit claim deed does not provide any guarantees of title quality Secondly a quit claim deed may not be available to you if you are financing the property. You should check with the lender if applicable. A Quit Claim deed is transfer the property and all encumbrances e.g. liens. However, a quit claim deed once properly filed, signed and recorded takes ownership out of your daughter's name and puts it in your name. Once done the property no longer qualifies for the exemption.
You may be better served asking an attorney to alter the language of the deed so the ownership is valid only while a certain event occur. For example the property is your daughter's so long as she attends school in DC and that property reverts to you..That way your daughter will be the owner only for the period of time she is school.
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If you want the exemption, use option B The language would look something like e , suppose A conveys "to B for for as long as B is in School life, and then to C.
A is the original grantor, B is your daughter, and C is you. Or you can purchase the property and issue a quit claim deed to you daughter that returns to you at the expiration of 3 years, or any other condition. In all cases you daughter will be the owner of the property. Your daughter will get taxed as if she was the sole owner.
These type of conveyances are not uncommon. Normally the condition is for the life of an individual and then to someone else.
A local real estate attorney can help you draft the right language. Indicate you want an executory interest or remainder in the property. The simplest approach might be to buy the property and then convey the condition interest to your daughter in a quit claim deed to you daughter..
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