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The appraised value is supposed to arrive at fair market value. Remember that property owned by a decedent gets a new basis, which is equal to the value as of the date of death. When a buyer purchases the property for its value, there is no capital gain or loss. If the buyer pays less than fair market value, then you can simply allocate the difference between FMV and the purchase price to the buyer's share of the estate.
What else can I help you with?
Consumers help to determine the distribution of goods.?
Market economy (A+)
In what form of economy do consumers help to determine the distribution of goods?
Market Economy
What type of economy best fits this description Consumers help to determine the distribution of goods.?
market
Define economics using the following terms allocation distribution goods resources production and services?
I am presuming that economics refers to a certain type of science that serves with the inquiry of consumption of goods, allotment/allocation distribution, and both the production and distribution of services and goods. Economics can help solve the problem of resource recycling for the benefit of mankind.
How can one determine the Gini coefficient for a given dataset?
To determine the Gini coefficient for a given dataset, you can follow these steps: Calculate the cumulative distribution of the dataset. Calculate the Lorenz curve by plotting the cumulative distribution against the perfect equality line. Calculate the area between the Lorenz curve and the perfect equality line. Divide this area by the total area under the perfect equality line to get the Gini coefficient. The Gini coefficient ranges from 0 (perfect equality) to 1 (perfect inequality).
Can I get my house appraised in order to remove PMI?
Yes, you can get your house appraised to determine its current value and potentially remove Private Mortgage Insurance (PMI) if the value has increased enough to meet the lender's requirements.
What is the age and value of a Winchester 1873 serial number 708875?
708875 is not a valid serial number for an 1873 Winchester. Serial 70875 was manufactured in 1881. Condition will matter significantly to determine the value. Have the gun appraised by an advanced Winchester collector because it may be quite valuable
How can a homeowner determine if their home has equity?
Deduct your mortgage balance(s) from the appraised value of the house. The remainder will be your equity.
How can determine if colt 45 is original?
Compare against a known original, pictures of of one or appraised by a professional who deals with Colt's.
How can one determine the median from a graph?
The answer depends on what the graph is of: the distribution function or the cumulative distribution function.
What is a painting by F Beda worth?
It is impossible to determine the value of a piece of art in this online format. Many factors determine the value of art. The best option is to have the piece appraised.
How do you determine the salvage value of farm equipment?
To determine the salvage value of farm equipment for financial purposes, such as taxes, you may need to have it appraised. An appraiser needs to look at the equipment and determine what it is worth for resale as salvage.
How do scientists determine the distribution of organisms in an environment?
they test
Who can you get insurance from for a custom built motorcycle in South Dakota?
You should be able to get insurance from just about anybody. The insurer would most likely require that you have your bike appraised by a licesensed appraisor to determine its value. Most of them will not give you insurance on customs!! Even if it is appraised!
What is value of signed print ted de grazia?
It is impossible to determine the value of a piece of art in this online format. Many factors determine the value of art. The best option is to have the piece appraised.
What is the value of a print Forest by Le Ba Dang?
It is impossible to determine the value of a piece of art in this online format. Many factors determine the value of art. The best option is to have the piece appraised.
What variables determine the worldwide distribution of corals?
the can suck my dic
