1. Would filing three or four amended returns flag you for an audit?

2. There is a house a family member wants to gift to me. If they gift me a $14k portion of it each year, does there need to be a $14k deed done each year for the IRS, or is doing just one deed at the very end of the game sufficient?

1. Would filing three or four amended returns flag you for an audit?===>>>>>>>>I do not think so; however, it depends. Filing an amended return doesn't automatically unleash the auditors. As they are going over your return twice, however, that doubles the chance they'll spot a red flag. Only 0.9 percent of individual taxpayers are audited annually, but if you're self-employed or make more than $200k-$1 m a year, the risk increases.

2. There is a house a family member wants to gift to me. If they gift me a $14k portion of it each year, does there need to be a $14k deed done each year for the IRS, or is doing just one deed at the very end of the game sufficient?========>>>>>no deed at all and the donor also DOES NOT NEED TO FILE Form 709 as $14K is the annual exclusion amount. An annual exclusion gift is one that qualifies for the current $14k per person annual exclusion from federal gift taxes. In other words, under the tax law, if property is transferred from one person to a nonspouse beneficiary where no cash or other monetary value is exchanged and the value of the property so transferred is $14k or less, then the transfer is not a gift at all.

.Married couples can combine their annual exclusion amounts and gift $28k to each person, per year without incurring any gift tax liability. But note that even if a couple limits their gift to double the annual exclusion amount, they may still need to file a federal gift tax return Form 709, to report any split gifts.

Thanks for your response!

1. You state that 14k is not a gift at all. So does a 14k gift need to go on either a donor or recipient's taxes AT ALL? Won't the IRS want an explanation on how I got a 75k house in the end?

2. Can a mother and father give 14k to their son and 14k to their daughter-in-law, for a combined gift of 28k, even if the son and daughter-in-law file jointly?

3. Can a mother and father give 28k to their son and 28k to their daughter-in-law, for a combined gift of 56k? It's just that they would have to possibly file a 709?

#1;$75K??

#2;Yes . $28K each to son and another $28K to DIL per year

#3;as said, $28K to son, another $28K to son; mother gives $14K to son and another $14K to DIL so does father.

$75k is for the value of the house. Trying to get gifted 14k portions each year so that I don't get one property gift of 75k and have to pay taxes.

as said no you are a recipient, i mean a donee of the gift does NOT pay any tax on the gift at all.