When appreciated property is transferred, the gift tax is based on O replacement cost of the property fair market value of the property on the date of the gift the donor's original cost of the property the donor's original cost increased by half of the appreciation

When appreciated property is transferred, the gift tax is based on O replacement cost of the property fair market value of the property on the date of the gift the donor's original cost of the property the donor's original cost increased by half of the appreciation

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter13: Property Transactions: Determination Of Gain Or Loss, Basis Considerations, And Nonta Xable Exchanges

Section: Chapter Questions

Problem 3DQ

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Question

When appreciated property is transferred, the gift tax is based on
replacement cost of the property
fair market value of the property on the date of the gift
the donor's original cost of the property
the donor's original cost increased by half of the appreciation

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