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:

Emotion-Focused Coping

A type of coping in which people try to prevent having an emotional response to a stressor.

Hardiness

A personality characteristic that involves a sense of control, commitment, and the ability to embrace challenge as an opportunity for growth.

Chronic Stress

A consistent sense of feeling pressured and overwhelmed over a long period of time.

Major Life Stressor

Significant events or changes in one’s life that disrupt stability or routine, often requiring substantial adjustment and associated with increased stress.