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39. In 2018, Paula Pierce receives gift property with a fair market value of $95,000 (adjusted basis to the donor of $35,000). Assume the donor

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39. In 2018, Paula Pierce receives gift property with a fair market value of $95,000 (adjusted basis to the donor of $35,000). Assume the donor purchased the property in 2008 and paid gift tax of $12,000 on the transfer a. What is Paula's basis for gain and los b. What is the holding period

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