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Sheena Maskell Sheena Maskell
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Posts: 1902
7 years ago
A portion of gift taxes paid by the donor will increase the donee's basis of gift property if the property's fair market value exceeds the donor's basis on the date of the gift.
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
Authors:
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MsLippyMsLippy
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7 years ago
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Sheena M. Author
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7 years ago
I took a chance with your answer

It was right
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