Which of the following is correct? A. The gain basis for property received by gift is the lesser of the donor's adjusted basis or the fair market value on the date of the gift. B. The loss basis for property received by the gift is the same as the donor's basis. C. The gain basis for inhereited property is the same as the decedent's basis. D. The loss basis for inherited property is the lesser of the decedent's basis or the fair market value on the date of the decedent's death. E. None of the above