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:

Stacked Button

A UI design where buttons are aligned vertically, one on top of the other, to save space or organize functions.

Remove Layout

A command to delete or clear the layout configuration of elements in a software application or document.

Control Margins

The spacing or padding around interface elements or controls (e.g., buttons, fields) that helps differentiate and organize the elements within a design.

Form Design View

A mode in database applications that allows users to create and modify the layout of forms without affecting the underlying data.