Rob Was Given a Residence in 2010

question 134

Multiple Choice

Rob was given a residence in 2010.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 $188,000.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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Definitions:

Parietal Lobes

Regions of the brain located behind the frontal lobes, involved in processing sensory information regarding the location of parts of the body as well as interpreting visual information and processing language and mathematics.

Spatial Location

The specific coordinates or position of an object or place in space.

Motor Control

The process by which humans and animals use their brain and muscular system to activate and coordinate the movements of their muscles and limbs.

Amygdala

A part of the brain's limbic system involved in emotion, decision-making, and memory processing.