u/Total_Physics2976

I’m new to this community so I’m sure the question has been answered many times. Can you answer it once more for me please?

I’m the executor of my mother in law’s estate in NC. She left 4 children that will divide the proceeds of her estate. The only asset is her home. I had an appraisal done shortly after her death. The home appraised for $180,000. We used that amount on our 90 day inventory. The home needs a lot of work and after several offers it was ultimately sold for $150,000. After paying off the mortgage of $50,000 each of the four adult children will receive approximately $25,000 each. It is my understanding that for purposes of capital gains taxes the basis number would be the appraisal at the time of her death which was the $180,000. Given this, is it correct that they will owe no capital gains taxes and will not be required to report any of the $25,000 as income. Is this correct? Second question: Would the $30,000 loss based up the house selling for only $150,000 result in each child being able to take a $7,500 loss on their taxes? ($30,000 divided by 4 = $7,500)
Thanks in advance for your help.

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My dog is my best friend. I’m on a trip lasting a week at had to board Penny for the first time. She’s 12 years old and this is the first time we’ve been separated more than one day. Do you think dogs have a sense of time? Hoping she doesn’t feel like she’s been abandoned. Thanks for your thoughts on this.

My dog is my best friend. I’m on a trip lasting a week at had to board Penny for the first time. She’s 12 years old and this is the first time we’ve been separated more than one day. Do you think dogs have a sense of time? Hoping she doesn’t feel like she’s been abandoned. Thanks for your thoughts on this.

My dog is my best friend. I’m on a trip lasting a week at had to board Penny for the first time. She’s 12 years old and this is the first time we’ve been separated more than one day. Do you think dogs have a sense of time? Hoping she doesn’t feel like she’s been abandoned. Thanks for your thoughts on this.

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I’m a seller only on eBay. If I were a buyer I may know the answer to this question but I don’t.

When a buyer wins an my auction it simply buys one of my products, I get a prepaid label from eBay to print out. I recently had a buyer that wanted to add extra insurance as well as signature tracking to their shipping costs.

By that time I have already received the label that came with their purchase with was standard ground advantage with $100 insurance.

Doesn’t the buyer have the opportunity on their end to purchase insurance etc. at the time of payment. If not I don’t know how to add those items after I’ve already received the standard GA label.

Should I add a note to my items before they sell or before an auction is over telling potential buyers or auction winners that they are responsible with purchasing any extras before paying? Or is there a way I can add insurance to a label I’ve already received and have the buyer pay the difference.

I’ve got an auction right now that is already at $1000 and I want to know how to handle this issue before the auction ends in 3 days.

Thanks

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Very positive experience. Great seller!! Excellent communication. Smooth transaction. Quick shipping. Highly recommend. 5 Stars!!