marsha moore gave assets with an adjusted basis
Marsha Moore gave assets with an adjusted basis of $28,000 to Alfred when the fair market value of the property was $25,000. Gift taxes paid on property were $3,000. Find what Alfred's basis for gain is and what is his basis for loss?
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marsha moore gave assets with an adjusted basis of 28000 to alfred when the fair market value of the property was 25000 gift taxes paid on property
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