How Is the Donee's Basis Calculated for the Gift of Appreciated

question 239

Essay

How is the donee's basis calculated for the gift of appreciated property for a gift made before 1977? Assume the donor pays gift tax.

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Definitions:

Prosocial Motivation

The desire to benefit others or contribute to the greater good through one’s actions and behaviors.

Self-oriented Role

A function or position within a group or team that focuses on personal growth, achievements, and responsibilities rather than collaborative goals.

Craving for Recognition

A strong desire or need to be acknowledged and valued by others for one's achievements or qualities.

Merit Pay

A compensation approach where employees' pay increases are based on their performance metrics.