Which of these might happen? Group of answer hoices Jane's house cannot be left to the children ecause of the mortgage. The children will have to pay he mortgage even if they don't get the house, because heir mom did not pay it off before she died. Jane can eave the house to her children in her will. The children

Which of these might happen? Group of answer hoices Jane's house cannot be left to the children ecause of the mortgage. The children will have to pay he mortgage even if they don't get the house, because heir mom did not pay it off before she died. Jane can eave the house to her children in her will. The children

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Lucia is paying Martha to sell properties that Lucia owns. Can Martha sell one of Lucia's properties to herself? No, because an agent may not self-deal O Yes, if she sells it for fair market value Yes, if Lucia did not prohibit this type of transaction No, because that would make Martha a subagent of Lucia
63 Your insured lives in an apartment but takes a temporary position in another city and must store some me for fur fure items in a storage ware apartment is sublet to a friend. Subsequently, the warehouse is broken into and some of your Insured's furniture is stolen. What Would a Tenant OA) The actual cash value or replacement cost of the property stolen less the policy deductible, subject to the 10% limitation on property temporanlite OB Nothing. The loss is not covered. OC The actual cash value or replacement cost of all the personal property stolen, less the policy deductble, subject to the polis Ilimit OD That proportion of the loss which the value of the property at the warehouse bears to the total value of all of his her personal property
Exactly who can be a “qualifying relative” and who can’t…??? Say, for example, that you are unmarried but have a “friend” who lives with you full-time / all year. It’s just the two of you (and maybe a quadruped or two). The apartment (or house) is in your name only and you pay all of the rent (or mort-gage) and for absolutely everything else because your friend is a “writer” who does nothing by way of work other than on a supposed novel – which of course brings in absolutely zero income because it never seems to get finished, much less published… Since you’re the sole breadwinner and it’s your apartment (or house), can you file as “Head of household” instead of as “Single”? Explain in 2-3 sentences.
Give Solution and provide Correct and incorrect option explanation
Your client, who does not have a will and does not plan to write one, recently purchased a tract of farmland to include in the family farming operation. He wants the entire tract to pass upon his death to his son, who will continue the farming operation. He wants the remainder of his property to pass to his wife. You should advise him that, to accomplish his objectives, the most appropriate form of titling to use for the farmland tract is A) joint tenancy with right of survivorship with his son. B) tenancy in common with his son and wife. C) tenancy in common with his son. D) joint tenancy with right of survivorship with his son and wife.
Note:- • Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. • Answer completely. • You will get up vote for sure.
Should this be option D? Hasn't she reduced her estate by gifting shares to her three children?
Question 27 of 50. Mark and Carrie are married, and they will file a joint return. They both work full-time, and their 2021 income totaled $89,000, all from wages. They have one dependent child, Aubrey (5). During the year, they spent $9,000 for Aubrey's child care. Neither Mark nor Carrie received any dependent care benefits from their employer. What amount may they use to calculate the Child and Dependent Care Credit? $0 $3,000 $8,000 $9,000 Mark for follow up
If you were to become an executor of my estate, how would you value my prized Pete Rose rookie card in mint condition? Would you sell it? Would you give it to my heirs?
Tt1.
which of the following persons must have an active North Carolina real estate license? a person who manages the petals of their parents beach cottage without receiving any compensation for their services a retiree who refers prospective home buyer to the home sales center at their retirement community in return fro fee rounds of golf anyone who occasionally buys. renovates, and sells historic houses at a significant profit the executor of an estate who handles the sale of the deceased persons real property and receives an executors fee
Problem 4-45 (LO. 4) Nell and Kirby are in the process of negotiating their divorce agreement, to be finalized in 2023. What should be the tax consequences to Nell and Kirby if the following, considered individually, became part of the agreement? a. In consideration for her one-half interest in their personal residence, Kirby will transfer to Nell stock with a value of $200,000 and $50,000 of cash. Kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. They purchased the residence three years ago for $300,000. The transfer of Nell's basis for the stock is $ Kirby's basis in the house is $ is a nontaxable event. b. Nell will receive $1,000 per month for 120 months. If she dies before receiving all 120 payments, the remaining payments will be made to her estate. the payments are neither included in Nell's gross income nor deductible by Kirby since they are pursuant to a divorce agreement reached after 2018. c. Nell is to have custody of their…

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