European Stars And Stripes (Newspaper) - October 5, 1986, Darmstadt, Hesse Page 20 the stars and stripes sunday octo Taar 6.1996 investor s guide by William a. Doyle q. My he Bald bought How property 37 Yon ago. The property Watt a rum until hit recent of Cash to bin i inherited it. I raid the property for s 130,000 and a wife to Ihan Tudi a Ltd Strone adult Courtn thins Ock wat b the Best was to handle this Are there any special taxes i or the children would bite top a a. There Are three Federal tax situation of which you should be Ware. How Ever by handling thing properly no tax will have to be paid. Pint there s then late lax which Youdong have to pay. Since Jan. I. 1982. Tine spouse Doyle can leave la the other everything he or she owns free of Federal estate lax. Then there s the capital gains tax. If the 5130,000 you receive from the Sale was higher than the property s basis you bad a prof it because the profit from the Sal of inherited real estate Stock or any other capital asset is always counted As a Long term capita gain Only 40 percent of the profit is taxable. The basis of an inherited capital asset is the value put on it when the estate is settled. That s the value on the Dale of death unless an alternative valuation Date i used. You Are required to report the Sale of that property and list the capital gain or capital loss on schedule d of your Federal income tax return. Finally Here s the gift tax. But you can gel around that. You re allowed to give $10,000 a year to each of As Many people As you please without even filing Federal gift tax returns. For a married Cou ple making joint gifts the number in 520,000. So you can make gifts of i 0,000 to each of your three Chil Dren for three years in a la Duck All Gill lax return filing requirements and won t have to pay any gift tax. Q. My sen Ned Bant $5,000 total vehicle and 1 plan to male him a Lou of that amount. He Wal play me interest which i will report on Ray income tax return and which he will Lake m a interest Deduc Tion on his attorn. In of Wapner says do it my Ion and i agree we should few up Ivan in Remtul. Other than the a noon of the loan the interest Rule and Ott length at time of the loan can yen advise Bow tin agreement Howd be writ ten a. Besides the item you men lion the agreement should list the Date the loan is Mode the Date it ii due and the terms under which the interest and principal Are to be paid there s a very easy Way to do this. Gel a promissory note form and fill it out you can buy thai form at a stationery Hore. Or go to your Public Library and nuke photocopy from a Book containing various documents. Your librarian will know the Book to use. Eul Hin proven i Niue Nhim num. Gnu in win b we h of i j k1 Oku. . Business ran Dow Jones shows Small gain As puzzled investors hold off new York up the Stock Market managed a modest gain Las week in trading that offered Little to guide perplexed investors. The Dow Jones Industrial average finished at 1774.18, up 4.49 Pointa for the week. The Dow has recouped 15.46points since in 141.03-Point plummet during the week ended sept. 12. Advancing issues outnumbered ids in 1,060-867 among the 2,192 issues traded. Prices Slid monday As investors registered their disappointment Wilh the inability of the seven wealthiest industrialized democracies to agree on coordinating fiscal and monetary policies. Analysis said the reluctance of partners to encourage lower in Terest rates in their Awn countries would hamper the ability of the Feder Al Reserve Board to stimulate the through interest rate cuts. Lowered Wall Street estimates of film s third Quarter earnings also provided a focus for investors worries about the Outlook for corporate prof its analysts said a firm Bond Market Strong Dollar and last minute purchases by Money managers sprucing up their portfolios at the end of the third Quarter boosted prices tuesday. The Dollar climbed after the government reported a smaller than expected foreign Trade deficit. The Trade data helped Bond prices also alleviating concerns that foreign investors might and Dollar securities less attractive. Lower interest rates and a Strong transportation sector boosted the mar Ket wednesday. But economic data again was iffy. The government reported that . Factory order fell 1.4 per cent in August White construction Stock pulse Nobe cd Pohm Moit acini is Votaw but Kohr us up Brilt Alhi put scam dim it Titton it mip Adco i cub of yid i.s49.200 a i vow 24,9 1-6 5,288.900 Sou 5.06 12.0 473.3w.400 � to spending Rase percent. They mid the data reflected lethargic economic growth and gave i Veiton Little reason to expect higher interest rates. The Market had a mixed Day thurs Day. Stock prices had a Brief manic rally in response to weak september unemployment Daw Early Friday based on expectations that the weak unemployment picture would result in a fed decision to let interest rates fall to stimulate the Economy. But the High quickly dissipated As investors considered that the weak Economy was not Likely to produce imminent improvement in corporate earnings. The butt is not dead but he s on Respirator and needs several months in a health spa said Alfred Goldman Stock Market strategist at , Edwards in St. Louis. Economic uncertainty increase hourly said Goldman. The unemployment data and the leading Indica tors say we re stuck in the mud. Where is the four wheel drive transmission going to come from to take us out on the trading floor us was the most Active nose listed Issue climb ing 2vi to 26 a amid talk that new York financier Carl Icahn May bid j29a share for the company. Us is said 10 be accelerating its restructuring plans. Bell South Fod owed up i to 59ft, Illinois Power was third Down to to30. Both issues were Active As some investors bought them to collect their dividend payments. Allied stores gained 3 i to 64 Toronto based Campeau corp. Sweetened ill takeover offer forthe retailer to $66 � share there was talk at the end of the week that Allied Sukk a Tuu air he the ghz in Jim we gab mild cd qom Elira be Vul 4m.mo jm-200 7 up 264.70 us 3.86 u 3.4 2.004.7do 130h 10.53 12.0 3.4 1.e94.100 j2h 1,t68.600 10l.jw.hw us i,4m200 23ivueoo he. .1.49 15.0173.200 1zh 213. To 17 113 so 411j1j500 a 1 15,7011 a 19,4 04i 11.9 1.2 2.31 180 0.3 05 0.30 14.0 a Vic sin it Tom holy Sug Hon Onwu Ira i to stand by Cion big Emp a b7s 4h 2.97 23.0 total t 4bt 1.70 39.0 43h i10h 2k101h to 247h 3% m i 2h my 2 Khz 5 37 b 4.1 1mh, i 10 m 11.0 1.1 fund prices i too Kirtz for wifi Nijm. Ism fell 4ft to i30k. A Walt Street journal article said ism i trailing competitor digital equipment in Raj ability to make its computers compatible with each other Early in the week Smia Barney. Harryj up Tiara and san font c. Bernstein predicted be com Puter Iam � a gird Ina Ter Earnia a would been the s2-a-share Range. Digital equipment jumped 3 to 92tt. At to was Oft a to 22w. Some analyst Are saying that loss in Taftt computer Buffy ass could reach $800. Million this year. Federal express jumped 9?4 to 63ft. It said it would take � 1190 million write off on the discontinuation of Zap mail and that it would sell its it u mile equipment. Anderson Clayton was off 4tt to 6si. The Houston baud food process ing company accepted a $66-a-share takeover offer from Quaker Oats Over the weekend ending a Long bidding War. Niagara Mohawk slipped 3m Loutfi after the Walt Street journal reported the company May be forced la Cut its dividend. Niagara said it has no cur rent plans to reduce ill dividend. Alexander s fell 3 to 43u. The company said its Board approved a re structuring from a corporation to a limited partnership. The Dow Utility Index fell 2.13 to 199.63. The Dow transportation aver age however jumped 27.63 to 811.88. Standard & poor s 500-Sitxrk Index closed Down 0.21 to 233.71 the new York Slock Exchange composite Index gained 0.87 to 134.81, big Board volume totalled 640,181,260 shares compared with 642,802,832 a week earlier and 609,927,859 during the same week a year ago. Composite volume totalled 767.102,520 shares compared with774.904.522 a week earlier. Prices ended mixed in moderate trading on the american Stock Exchange. The american Stock Exchange Index Rose 0.73 to 262.71. Declines led advances 411-369 among the 916 issues traded. Volume was 40,047,410 shares compared with 44.139,6 10 the pre Vious week and 37,838,440 during the tame week a year ago. Texas air Ted the amex actives gaining 3tt to 35%. Wicket followed unchanged at 4 4. Bat was third unchanged at 65-16. From Page 19 ish13 Fol in 11211214mum 6.28 us Polo 11 m 17h tend 14tmnhnmcwn ate . my 33 w 4 ubom 101mnlvan r �.i7 tit a msi8j4jub 4.41 7,e94 us umiub4jt &41 it id to. � i 1011 u2 m47 a 101 it e he Elf Fra St n in tin u.71 ,m3kt. 1141 hi.7j1ki. E4hn1. W7ht.1u4u
