Which is the basis of gifted property to calculate loss on the sale if the fair market value of the property on the date of the gift is less than the donors adjusted basis ?

A the lower of FMV of the property of the donors adjusted basis, including gift tax paid on the date of the gift

B the higher of FMV of the property of the donors adjusted basis, including gift tax paid on the date of the gift

C The donors purchase price

D The FMV of the property on the date of the gift