Selling Price The following gifts are received and sold in the current year: Donor's Adjusted FMV at Time of Gift Tax Basis Gift Paid $100,000 $391,000 $39,100 b. 100,000 76,900 7,690 100,000 31,800 6,360 $340,000 69,300 41,200 c. Determine the basis for gain and basis for loss and realized gain or realized loss. Enter "O" if the field should be blank or if an amount is zero. Do not round any divisions. Basis for Gain Basis for Loss Realized Gain Realized Loss b. $ C