She is a Canadian resident and I am a US resident. We put cash together and bought a primary home for her. We decided that I only own 1% of the home on the title and she owns 99%.
1) Do I need to report this purchase to IRS?
2) Do I need to report the inheritance to IRS if she passes away and leave the home to me?
3) Do I need to report the sell profit of the home if we decide to sell it?
