2. When a loss is disallowed between related parties (choose the best answer) a. It is possible that a portion of the loss will be lost forever b. All of the loss is always disallowed c. The donor (person making the gift) can take the disallowed loss when the person who received the gift sells the property d. The loss is only disallowed if you get audited 3. On January 15, 2019 Cindy buys a truck owned by her company for $3,000.00. The company fair market value is $6,000.00. Circle the most correct answer below a. Cindy has an new asset with a basis of $3,000.00 b. Cindy has income of $3,000 and a new asset with a basis of $3,000.00 c Cindy has income of $3,000.00 and a new asset with a basis of $6,000.00 d Cindy has ordinary income of $3,000 00 4. Gift property (disregarding any adjustment for gift tax paid by the donor) a. Has no basis to the tone because he or she did not pay anything for the property b. Has the same basis to the tone as the donor's adjusted basis if the tone disposes of the property at a gain c. Has the same basis to the tone as the donor's adjusted basis if the lone disposes of the property at a loss, and the fair market value on the date of gift was less than the donor's adjusted basis. d. Has a zero basis to the tone if the fair market value on the date of gift is less than the donor's adjusted basis