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Rob was given a residence in 2011. At the time of the gift, the residence had a fair market value of $200,000, and its adjusted
Rob was given a residence in 2011. At the time of the gift, the residence had a fair market value of $200,000, and its adjusted basis to the donor was $140,000. The donor paid a gift tax of $10,000 on the taxable gift of $187,000. What is Robs basis for gain?
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