Rob Was Given a Residence in 2013

question 167

Multiple Choice

Rob was given a residence in 2013.At the time of the gift,the residence had a fair market value of $201,000,and its adjusted basis to the donor was $141,000.The donor paid a gift tax of $10,000 on the taxable gift of $187,000.What is Rob's basis for gain?

• A)$140,000.
• B)$144,200.
• C)$150,000.
• D)$200,000.
• E)None of the above.