I inherited a house, sold it & put the money into another house for my daughter to rent from me. My daughter has lived there for 16 years and is now ready to purchase her own home. I don't want to keep the house as a rental so, I would like to sell it & split the money up. A small amount for myself & the rest split between my 2 daughters for them to use toward their house/home purchase. Can this be done & how would capitol gains taxes be applied? I had thought about just rolling the money over into the purchase of my daughters home (should I put my name on the deed also?) but I need a way to give my other daughter a share of the inheritance without paying the capitol gains taxes.