Someone claimed me but I am still my mother's dependent what I do?

Whether or not you can be claimed as a dependent depends on who meets the requirements of Section 151 and 152. Two people will not meet these...

Is rental income loss not tax deductable if you income is over a certain limit? What limit?

Also have a look at Section 469(g). These losses can possibly become deductible when the house is sold, despite the fact they are passive....

As far as the transfer of assets into the trust, gift taxes would be your major concern. If possible, it is best to do over time as roughly $13,000...