Greg transfers property on August 8 of the current year with an adjusted basis of $40,000 and a FMV of $90,000 to his exwife as a property settlement that is part of their divorce agreement. The property settlement agreement and the divorce were both finalized on June 3 of the current year. Greg has made a gift of a. $0. 1). $40,000. C. $80,000. (:1. $90,000