Yes it’s very likely your transfer will constitute a sale or exchange triggering potential capital gains tax. Get it appraised.

Yes if you have separate households....

Yes you can open an LLC and elect to be treated as an S. Corp. I’d make the election its first year rather than eventually. This is unrelated to...

You are not receiving any money or other consideration so you don’t owe any tax. Insist they publish your name and award in the ad so that you can...

They are scammers - do not pay them, hang up, block their numbers, clack spam.

Hang up. Scam. …………..,,,., ……………….

Theoretically yes but what consideration are you considering parting with to seal the deal? Are you willing to sue someone for damages if they...

Just communicate your desire to mediate to the buyer and you and he agree on a mediator. But why bother? Mediation won’t fix his cash flow problem....

No, living in your mom’s house should not expose your mom to any liability. If you have liability insurance, it would be prudent to include her as...

Agreed. Your share of taxable income is not the same as your distributions.