Transferring real estate - homestead between family members and tax consequences

[curiousv]

What is the name of your state (only U.S. law)? WA

When a US citizen daughter transfer her home (homestead) via quit claim to her mother as a gift who is green card holder ...are there any taxes involved..like excise tax, gift tax, income tax or capital gains tax or any other taxes ?

And it is also possible that in about a a year or two mother might want to transfer it back to daughter via quit claim again as a gift.. ...again are there any tax consequences in transferring back?

 

[quincy]

What is the name of your state (only U.S. law)? WA

When a US citizen daughter transfer her home (homestead) via quit claim to her mother as a gift who is green card holder ...are there any taxes involved..like excise tax, gift tax, income tax or capital gains tax or any other taxes ?

And it is also possible that in about a a year or two mother might want to transfer it back to daughter via quit claim again as a gift.. ...again are there any tax consequences in transferring back?

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