Dale receives a duplex as a gift from his uncle. The uncle's basis for the duplex and land is $$170,000.$ At the time of the gift, the land and building have fair market values $($FMVs$)$ of $$60,000$ and $$140,000,$ respectively. No gift tax is paid by Dale's uncle at the time of the gift.

Read the requirements.

Requirement a$.$ To determine gain, what is Dale's basis for the land? $($Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.$)$

To determine gain, Dale's $($the donee's$)$ basis for the land is

Requirement $b.$ To determine gain, what is Dale's basis for the building? $($Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.$)$

To determine gain, Dale's $($the donee's$)$ basis for the building is

Requirement $c.$ Will the basis of the land and building be the same as in Parts a and $b$ for purposes of determining a loss?

$,$ the basis of the land and building the same as in Parts a and $b$ for purposes of determining a loss because