If at the date of gift, the property's FMV is 104K, and the taxpayer's basis in the property was 120K, what is the donee's (recipient's) basis in the property if it is sold for a (match with correct answer). Please note: you are matching the scenario below with the BASIS Basis if sold for a $130K (GAIN) Basis if sold for a $100K (LOSS) Basis if sold for $115K [Choose ] [Choose ] [Choose ] >