1) When property is transferred, the gift tax is based on replacement cost of the transferred property fair market value on the date of transfer the transferor's original cost of the transferred property the transferor's depreciated cost of the transferred property D. 2) Andres and Lakeisha are married and file joint. Andres is 72 years old and in good health. Lakeisha is 62 years old and blind. What amount of standard deduction can Andres and Lakeisha Claim in 2018. A) $26,600 B) $27,200. e) $25,600. $25,300. None of the choices are correct. E) 3) Which of the following is a deductible miscellaneous itemized deduction? B) C) D) E) Gambling losses to the extent of gambling winnings. fees for investment advice. employee business expenses tax preparation fees. All of the choices are correct. Which of the following is a true statement? A) B) C) D) E) 4) A casualty loss on personal-use assets is generally not deductible. A casualty loss on investment property is generally not deductible. All casualty losses are deductible. A casualty loss on personal-use asset is deductible for AGI None of the choices are correct