RE: Never look a gift tax horse in the mouth.
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But $3000 in 1977 is worth more than $15,000 in 2021
You look a horse in the mouth to determine age, health and what the horse has been eating.
Convert the crypto to ARRR
tell the Infernal Revolting Syndicate that you lost your Trezor in a freak boating accident while visiting your cousin, nephew, best friend...
Make a corporation. (trust)
Give it some of your crypto.
Get your sister (or other relative) to give the corporation their house.
Have corporation pay off the mortgage.
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What a nice plan.
There is also a legend about some old dude that didn't accept a horse as a gift. When he was asked why he said he doesn't take gifts he has to feed..
I like this plan. All upkeep, real estate taxes and insurance become deductible too.
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