This is a very good question. There are many ways to move forward with this for tax purposes. But it depends upon many factors. If you are legally...

That is a great question. However, it is not clear to me in your question whatg are all the facts. You mention the FMV and your origianl cost but...

This question requires much more information and any answers here should not be relied upon. Many details are missing in terms of estates & title...

The one proviso to add to the previous answer is by joining in with her in a Joint Return you are agreeing to be subject to US taxes on your...

Annuities are not taxable until you receive payment. The payment is part return of basis and part income based upon the percentages. In your...

The answer to your question begs the question of whether your plan is the best plan. There are possibly better ways to set this up but you’ll need...

You should file separately from her. You also have 3 years after you file to amend it to joint if you get her to agree or a probate court orders it.

If the donor making the gift is married they can give you $38,000 per year if the spouse agrees to treat it as half theirs. In addition there’s...

Yes you do as it is a lien on her estate & personally owed by her acting personal representative. Please hire someone to do that for you.

This is a complex question and depending upon how the trust is drafted can mean many different tax issues before and after she passes. You should...