Taxpayer receives a gift of property. The donor acquired the property 10 years ago for $25,000. FMV of the property at the time of the gift is $40,000. Donor paid $300 in gift tax at the time of the transfer. Taxpayer's basis in the property is O $40,075 O $25,113 $25,075 O $40,000 O $40,113 O $25,300 O $25,000