Rob Was Given a Residence in 2012

question 11

Multiple Choice

Rob was given a residence in 2012.At the time of the gift, the residence had a fair market value of $200,000, and its adjusted basis to the donor was $140,000.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)$143,209.
• C)$150,000.
• D)$200,000.
• E)None of the above.

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