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