Q. When I give stocks to my grandson, what does he start with for a cost basis: the price of it when I give it to him or the price when I purchased it?
Q. I have a summer home that I’ve never rented out, but I’m thinking about it because I don’t get to use it enough. Should I do it through Airbnb or hire a management company or what?
Q. I’ve been thinking of making a new account with play money for penny stocks — sort of like playing the lottery. Are there any negatives if I can afford to lose the money?
Q. Since I am elderly and handicapped, I added my daughter’s name to sign my checks so she can pay bills if I was hospitalized. Does this mean she owns half my accounts now? I wanted them to be payable on death to three family members. Also my daughter has bad credit. What will this do to my credit? And, I have one disfavored child and I don’t want her name on the accounts.
Q. My mother wants to file for NJ Senior Freeze. She meets all of the requirements except perhaps one. She has collected Social Security for years, but is that different than the Social Security Disability payments mentioned in Form 2015 PTR-1?