European Stars And Stripes (Newspaper) - November 23, 1986, Darmstadt, Hesse Pigg 20 the stars and stripes sunday november 23.1986 investor s Luiu by William Doyle. I just sold the Home my wife and i purchased for 16,000 almost44 years ago i lived there alone tier bar death. Tit Tab Price wu$1j7,�. To my Ottato kaer1 Emu Nam it to Tom Fri 1 had$457 c the Tine North be fore be made nor it profit$120,953. Over Bewan a num Ber of in were nude to the Toast. I Doyle paid those Hill Bat i do not have receipts and feel i Caa t deduct those casts from my i fake the entire $120,953 As the Ance in a of Ellie in excl a. Yes indeed. Anyone 55 or older who Sells the principal Resi Dence in which he or she lived to three of the five Yean before the Sale can exclude up to $125,000 of the profit from Federal income us. You do that by filing form 21 19with your form 1040. Your numbers show that you profit was ins than �125,000. So you Don t owe the internal reve nue service a Penny As the result of Selling your Home your profit no doubt was Actu ally less than the $ 1 20,953 you calculated. The 16,000 you paid was the Home s original but Al improvements and additions you made to the House increased the basis thereby reducing the profit on the does t have any lax Impact in your Case because you profit was less than is 25,000 even by your calculation. Gut Itcan clip lots of other people who sell their Homes for Many parts of the country it s not unusual for a Home Pur chased for $20,000 decades ago to sell for $200,000 such a Sale result in a $180,000 profit j55,000 of which is taxable after the $ 1 25,000 exclusion is taken not necessarily if the Home owner has put say int additions and improvements Over the years the House s basis is$75,000 and no tax in. Due the lesson Here is that Ever Homeowner should keep an accurate record of every addition an improvement. Even Small ones add up Over the Yean and can re Duce or eliminate taxes when the House is sold. Q. If we sell our Home and Takei he $115.000 tax exclusion do we have 10 Lineal the Money in another principal residence or Are we Al Lowed to invest the Money in stocks Bonds certificate of Deposit etc., fan which we would collect a Lvi Deli and or interest my wife and i Are Well along i Yean. When we wll oar Large Tome we would like to move into of Nailer boat or an apartment a. You can do anything you like with the Money. That once in a Lifet irae exclusion is especially beneficial for folks such As you. It enables you to legitimately escape tax on the increased value of your Home which resulted mostly from inflation Over the Yean. By pulling the proceeds fro the Sale of your Home into Good investments you la increase you income and should have even Hap pier retirement Yean. Market rebounds from losses to Chalk up net gain for week new York up the Slock Market advanced in tumultuous trading last week rebounding from an Early Selloff spurred by the biggest insider trading scandal in Wall Street s history. After losing 56 Points the first two Days of the week the Dow Jones Indus trial average climbed 76 Points in the final three Days finishing with a net gain of i9.9t Points at 1893.56. Wall Street opened for business monday to news released after the Market closed Friday that one of it richest and Best known arbitrageurs Ivan Boesky had agreed to pay a penalty of $100 million to Settle insider Trad ing charges brought against him by the securities and Exchange commission. The Boesky scandal prompted Selling monday especially among issues at the Center of rumoured or announced take Over developments. Selling accelerated tuesday with the Dow plunging 4131 Points. Panicked dumping of potential takeover issues led total that arbitrage desks at major brokerage houses had suffered substantial losses. On wednesday investors sought Safe Haven in the heavily capitalized Blue Chip stocks that comprise the Dow Jones Industrial average. Buying spread from those issues to the broader Market thursday and Friday. Gainers outnumbered losers 1,083-555 among the 2,025 issues traded on the new York Stock Exchange. We be had a few incredible weeks this year but last week was the most incredible said Ricky Harrington an analyst a interstate securities in Charlolle he said the Boesky news was turning Stock pulse at or who Pimp Muriul Bill Oul to have Little Impact on Slock prices. The Market was extremely resilient Harrington said. He said investors preference for High Quality issues is a Good sign that the Dow will again move above 1900 and make a powerful Advance sub sequent to thai. Another mild pullback and the stage will be set for a Blowout above 1900 next week Harrington said. Jon Groveman head of equity trading at Ladenburg that Mann & co. Was also impressed by the Market s performance last week and by buyers interest in qual Ity stocks. But he said the Market course remained Uncertain. The Market s very whippy. Investors Heads arc spinning and they Don t know what to on the trading door winners include most Blue chips while the biggest losers were stocks that had climbed As the came under the spotlight of takeover speculation. Us was the most Active nose Lisle Issue falling 1% to 21ft. The company has been defending itself against a threat ened takeover by Carl Icahn. Coca cola enterprises followed up Ato 16w on volume of More than 17 Mil lion shares in an initial Public company is the bottling system of coca cola. Coca cola Rose it to 36%. Goodyear was third dropping 5 a to42w. Goodyear which was threatened with a takeover by investor James golds Mith said it will buy the British Finan Cier s Slock and undertake a restructuring program that will include the Sale of several subsidiaries expense reductions a comport to h Sik Kuhr Cocci at1t no sifts of Quattr in mar mud ism Hyk a i Muht atm a volum i 4,991.700 so 3.711,600 � 2,834.100 u41.mo 48k, 2.171,400 37h 2,0t3,400 12314 2.079.900 40v, i.797joo 3 a it Odeimi is to a 53 17.0 4.5 1,h 210 l.t1xs 14.0 3s 344 13.0 0,2 1.44 29.0 2.b 9.b9 12.0 3.9 1.40 29,0 1 0.4j 144.0 3.7 stolid Stu Bat a i Lanui til lira Tighe wangle am m tit Blu pm och Eim re a 704,709 4h 0.30 14,0 494.700 0 my 0 m 10.0 3.0 413.600 19% 0.2s 79.0 357.800 18m 140.900 \ f 175.000 12 902,500 5st 149.000 20% 132.400 m Fia do 2sh 0,99 134 d 1.3 a 132.40 049 90.0 1.17 22.0 Ami Campato Jimil no twi by ooh Chei be Nyk con Ulfe Urmon Cal High Slock Oak ctr wrap Eyke 6ulb.1s 792.0 111 110 115 a 454 � 3 lock my Dindle Mart Dpi 117 3m,say, 3 it i � 3 m � 1 130 1 � ssi. 4.02 23.0 1.8 4.5s 24.0 2.0 9.1los Tii i 690 17.0 2.43.09 17.0 2.1 9.47 1-0 9.49 16 d 1.9 11.13 12,0 54 tilt dbl Hong Simp Stumpp 37 39 44 49k 8%33k 2v 3.34 11.0 vis 79.02.ds 31.0 i ii 1800.44 89.0 0.15 29b.o 0.22 39.0 2.43 14.0 a Koligi i ii 11 runt prices from Page 19 Block Teul chit on a. 14 Hub h a 1.7 Moonlit 1 h4. U8 7m 4.40 4b Stim 409 419but on m m no my on Voe Gnu loan 12 Ion l hut pm 1 94 i9.wtoo i Hub 07 to he i. Him Pho tent Tou in inc cd Fri t Al adv to Thiol in feb t two partook exp of eur 17.19 Al. Inam Nhav r a r us old Guiuan a n am Imai 913 m9bjb Iso Latai Jelm or bus s�1423sii 601 1 to 11ajmsj9-97 7j 7.19 j4�bj1 9,u 9.10 9179h us la Luji 117 9 17.09 i. 99inl 1i.17n.l 1mbl -b7n.l, tie Ilyf Vlf Lelm Fuad vhf us a in cowl vhf Houv on huh bin toe us bars to tub of up eld to 1971 10.91 h27ho_ Smyl 11.74 731 Buvil 10.91 my. 1441 13 91 11.11 11.01 i9.h17m leu Itu 14.35 Al Sejbl. 14j9nj. 11.99 1747 . 1u9ill. 12.44 my. 72j4hj 77jjmo to u44nl. H w441n.l cd cd 129.71 Elbo a o it by a Bhom i 11.00 my m h. 11m1j.mwh old ii it 1111 vvw4on com 1.7hh. �4 2134 no and an Early retirement program. Stat gained i it to 26. At to pro posed $1.2 billion reduction in Long i. Tace prices As part of an Effort to keep its Long distance business competitive. Among stocks that erased targe i Peru Lalive gains. Federated department stores fell 13 a to 86. Johnson control fell 5 to 62w, . Penney Tost Jyh to Boh Lockheed slipped 4 to 51 a Stop shop fell 5 a to 53w, Holiday corp. A a dropped Svi to tos Southland fell 4 to55, Archer Daniel Midland was off 1w to 21 i and . Hut Lon group fell 4 4 to 40 /4.Lear Singler fell 10 to 82 on news that Wickes has backed off from its commit ment to Purchase it. The wont losses were trimmed after Lear mid it would proceed with a restructuring if Wickes fails to Purchase it. Aug partners said renew its hid for Lear. Gillette fell ii a to 564. It sued to prevent Revlon from buying More of its Slock. Revlon has offered to5 a share for Gillette and said Drexel bum Harrt Lam Bert remained confident that it could get financing for the Revlon bid. Gillette has accused Revlon chairman Ronald Perel Man of tipping off traders to his takeover plans Blue chips advanced As investor sought Oul relatively Safe havens after fleeing takeover issues ism Rose Ita to123w, general motors Rose 3tt to to pfc and american express Rose 4to57h. The Dow Utility Index Rose 1.32 to211.48. The Dow transportation average edged up 0.63 to 838.88. Standard & poor s Soo Siock Index Rose 1.36 to 245.86 the new York Slock Exchange composite Index Rose 0.22 to140.94. Big Board volume totalled 860,596,200shares, compared with 737,009,100 a week earlier and 623,756,420 during the same week a year ago. Composite volume totaled1,001,914,723 shares compared with 883,875,880 a week earlier. Prices fell in Active trading on the american Slock Exchange. The american Stock Exchange Index cell 3.68 to 262.93. Declines outpaced advances 496-257 among the 914 Issue traded. Volume was 56,029,805 shares compared with 54,315,020 the previous week and 51,231,410 during the same week a year ago. Wickes led the Macx actives off h to4air Cal followed rising 3tt to 14% after american airlines said it would buy Amircal holdings for $15 a share. Lon mar Tele pictures was third falling 2tt to a ii Oran a. C�3 i lurid z outed 3 sir f Kcf in Kcf u on mahi m in Bend St pal u9 to a Pruun he uni Inu pm pm hint to v9h3a Fth rvs my r is tos a Jill 13 44 3ijsnl44.i5nl. Of no 91 nj_h.j1n.l a Lilha. 4142 no 31.79 nlio� u7h.u1.70n.l ioj4nj.nam. 10.71 n.l11mn.l 1140 he. 11.11 i. 10.un.l uoiiu.10j7nl m.07tm 9.7shj. Ii 1l 11.41 Kulij Januj 17j1ha.umltt in urn i Mun i f iiu3h4.nv to g.11 ij9 am7.mm1 of life r in Mhz pm la 1uirl Tud twp a h91u. Dov iu9iu. Oro 9t4iu. When 0 iu1iu. Wwod 1 War of of 13mu,y� and 711 9.11
