You can't avoid the gift tax, if there is any, but that's the responsibility of the donor.
To take the gain exclusion, you must own and live in the property for 2 years. Remember, if it's not a SFH, the exclusion only applies to the portion you live in.
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You can't avoid the gift tax, if there is any, but that's the responsibility of the donor.
To take the gain exclusion, you must own and live in the property for 2 years. Remember, if it's not a SFH, the exclusion only applies to the portion you live in.