User Account

All Pages

What is attributable to the net appreciation element of gift

Assignment Help Accounting Basics
Reference no: EM132430215

Question - Uncle Bill gave his niece Jill a condo, with a fair market value of $250,000 and the basis of $100,000, paying gift tax of $97,500.

A total of $58,500 of the gift tax what is attributable to the net appreciation element of the gift (The difference between the donors adjusted basis and the fair market value at the time of the gift).

How much is Jill's basis in the home for purposes of figuring gain need subsequent sale?

A) 100K,

B) $158,500

C) $197,500, or

D) $250,000

Reference no: EM132430215

Questions Cloud

Compute monthly stock returns and standard deviation : Compute monthly stock returns and standard deviation. Develop Table of Covariance of these five stocks. Find the Minimum-Variance risky portfolio
Great britain and the american revolutionaries in 1776 : Describe the military advantages and disadvantages of Great Britain and the American revolutionaries in 1776.
Name the eight major groups of zooplankton : Name the eight (8) major groups of zooplankton and describe the characteristics of each group.
Explain the influence of culture and subculture on robert : Explain how the gang interprets "threats to honor" differently than other parts of society.Explain the influence of culture and subculture on Robert.
What is attributable to the net appreciation element of gift : A total of $58,500 of the gift tax what is attributable to the net appreciation element of the gift. How much is Jill's basis in home for purposes of gain
Role of social support in successful aging : What steps can be taken to ensure that one ages well? In your response be sure to consider all of the following; ways to improve and maintain mental health
What is the equity at the beginning of the year : If the owner contributes $9,600 and the owner withdraws $40,200, how much is net income (loss)? What is the equity at the beginning of the year
What is replication : Discuss the advantages and disadvantages of using college students as research participants.What is meta-analysis? How is it useful?
Determine sexual orientation : There is much debate about what determines sexual orientation? Many believe sexual orientation is biological in nature while others

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd