Question 22 of 75 it the fair market value (FMV) of then the basis used to caloulate loss i the the gifted property on the date it was received is less than the Oonor's adjusted basis plus or minus any required adjustment to the basis while the property was hel O Donor's purchase price O Fair market value (FMV) when one receives the gift plus or minus any required adjustment to the b basis, including gift ta held Lower of the fair market value (FMV) of the property or the gift donors adjusted Mark for follow up hasis when used in the