The Carryover Basis to a Donee for Property Received by Gift

question 102

True/False

The carryover basis to a donee for property received by gift can be an amount greater than the donor's adjusted basis.

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Definitions:

Nervous

Pertaining to the nerves or experiencing feelings of anxiety or apprehension.

Prefix

A morpheme added to the beginning of a word to modify its meaning, often used in linguistics and the formation of new words.

Suffix

A letter or group of letters added at the end of a word to modify its meaning or change it into a different word class.

Semipermeable Membrane

A layer that allows certain molecules or ions to pass through it by diffusion but blocks others, commonly used in osmosis processes.