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.

---

Definitions:

AT&T

A multinational conglomerate company that provides telecommunications, media, and technology services worldwide.

Better Serve Society

A principle or aim focused on providing improved, more effective services or contributions that benefit the community or public at large.

Antecedent Conditions

Circumstances or factors that exist or occur before a particular event or action, influencing its outcome.

Servant Leadership

A leadership philosophy that emphasizes serving the needs of others, fostering a supportive and collaborative environment.