Please list the IRC Citation. Thanks.

7. The amount received from a utility company for granting an easement to the utility on land owned by the taxpayer is included in the gross income of the taxpayer. True b. False IRC Citation a. 8. The basis for depreciation on depreciable gift property received is the donor's adjusted basis of the property at the date of the gift (assuming no gift taxes are paid). The rule applies regardless of whether the fair market value at the date of the gift is greater than or less than the donor's adjusted basis. True b. False IRC Citation: a. C. 9. In 1973, Fran received a birthday gift of stock worth $75,000 from her aunt. This was the only gift that Fran received form her aunt in 1973. The aunt had owned the stock (adjusted basis $50,000) for 10 years and paid gift tax of $27,000 on the transfer to Fran. Fran's basis in the stock is $75,000the lesser of $77,000 ($50,000 + $27,000) or $75,000. a. True b. False IRC Citation: C. a. 10. The holding period for property acquired by gift is automatically long term. True b. False IRC Citation: 11. The basis of inherited property is usually the fair market value of the property on the date of the decedent's death. True b. False IRC Citation: a. C