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Hello and thank you for using Just AnswerYou may gift your home to the individuals but you will be required to report the amount over the $26000 ($13000 limit for each of the receivers) that the property is valued at. You will use form 709 to do this but you will not need to pay tax on the gift as long as you have not already given $5mil in gifts over your lifetime.
They will have no reporting.
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