Derek receives a duplex as a gift from his uncle. The uncle's basis for the duplex and land is $$200,000.$ At the time of the gift, the land and building have fair market values $($FMVs$)$ of $$96,000$ and $$64,000,$ respectively. No gift tax is paid by Derek's uncle at the time of the gift.

Read the requirements$($Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.$)$

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

Requirements

a$.$ To determine gain, what is Derek's basis for the land?

b$.$ To determine gain, what is Derek's basis for the building?

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