David Gave Property with a Basis of $133,000 to Hannah

question 84

Multiple Choice

David gave property with a basis of $133,000 to Hannah when the property had a FMV of $100,000 and paid gift taxes of $8,000.If Hannah later sells the property for $140,000,Hannah's basis (to determine gain) in the property immediately before the sale is

• A)$100,000.
• B)$108,000.
• C)$133,000.
• D)$141,000.

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Definitions:

Parental Care

The behaviors and actions performed by parents to ensure the survival and development of their offspring.

Sexual Conflict

Refers to the evolutionary conflict between the male and female of a species over reproductive interests, often leading to adaptations that benefit one sex at the expense of the other.

Parental Conflict

A situation in evolutionary biology where the evolutionary interests of parents in offspring differ, leading to conflicts over resource allocation.

Polygamous Mating

A mating system in which an individual has multiple mating partners during a breeding season, allowing for a higher potential for genetic diversity.