Hon 7. If the value of an investment held until death increases from the date of its acquisition, the potential gain for loss) is never recognized for income purposes. True O False U Question 15 1 pts 7. Which of the following statements concerning lifetime gratuitous transfers is correct? O a. The donor's basis carries over to the donee. O b. When a donor owns an asset with an unrealized loss, it is generally desired to gift the asset. O c. Generally, the donee can deduct the donor's unrealized loss. O d. It is possible that a gift with unrealized loss may not be subject to tax Question 16 1 pts 7. All of the following steps should be taken in analyzing a tax basis plan except: O a. Determine the current tax basis of each asset in the plan ob. Ascertain the current fair market value O Determine the relative federal and state income tax brackets of the transferon and potential transferees d. Assume that depreciation and/or amortization can be Ignored. Type here to search