Differences

This shows you the differences between two versions of the page.

--- cottage [2025/06/12 20:54] – donald
+++ cottage [2026/08/23 01:44] (current) – [2025 08 20] donald
@@ Line 1: / Line 1: @@
 ====== Cottage ======
+===== 2025 08 20 =====
-===== Inheriting =====
+  * washer is kenmore 4240090
+  * lockbox is 2316
-Cottage was appraised at $1,155,000 in 2017.
+===== 2025 06 12 =====
-From Doug 6/11/2025 <code>Yes, your heirs get the appraised basis at the time of your death as their basis.
-But, your estate pays capital gains on the difference between the basis you got from Mom and the appraised basis (value) at the time of your death.  Establishing your basis via documents may be necessary.  It was with Bruce’s estate.
+  * kitchen fridge 24 x 60
-Plus your estate will pay a “transfer tax” based on the appraised value at the time of your death in addition to  capital gains.   No basis or deductions.
+===== Inheriting =====
-Bruce’s transfer, legal fees, accountants and taxes of all kinds has cost $18,000 USD so far, and I think it is done, but he only owned it for less than 2 years.
-To pay capital gains you need to file a tax return and write the check on a Canadian bank.
-Plus his was a “foreign owner” estate.  Another reason to tell you “it’s complicated” and take a bit more of your money. </code>
+  * Cottage was appraised at $1,155,000 in 2017.
+  * From Doug 6/11/2025 <code>    Yes, your heirs get the appraised basis at the time of your death as their basis.
+    But, your estate pays capital gains on the difference between the basis you got from Mom and the appraised
+    basis (value) at the time of your death.  Establishing your basis via documents may be necessary.  It was
+    with Bruce’s estate.
+    Plus your estate will pay a “transfer tax” based on the appraised value at the time of your death in
+    addition to  capital gains.   No basis or deductions.
+    Bruce’s transfer, legal fees, accountants and taxes of all kinds has cost $18,000 USD so far, and I
+    think it is done, but he only owned it for less than 2 years.
+    To pay capital gains you need to file a tax return and write the check on a Canadian bank.
+    Plus his was a “foreign owner” estate.  Another reason to tell you “it’s complicated” and take a bit
+    more of your money. </code>
 ===== Legal description =====
@@ Line 24: / Line 32: @@
 ===== Bunkie =====
-  * refrigerator is 28w x 56h
+  * refrigerator is whirlpool yet18pkxb
   * [[ CottageInternet | Cottage Internet]]
@@ Line 49: / Line 57: @@
   * [[bunkieTodo | Bunkie To Do ]]
   * [[homeDepot | Home Depot to get]]
+  * [[Tin Boat | Tin Boat]]
   * [[wpholloway| wph]]