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:

Romantic Relationships

Emotional and physical affiliations between individuals that often involve love, intimacy, or strong emotional bonds.

Predictors

Variables or indicators that are used to forecast or anticipate future events or outcomes based on current or past data.

Negative Consequences

are unfavorable results or impacts that arise due to an action or decision.

Accumulate

The action or process of gathering or collecting something over a period of time.