Unformatted text preview: Gain Basis Loss Basis + Donor’s basis Fair market value Adjustment for at date of gift Gift Tax Paid Unrealized appreciation X Gift Tax Paid Taxable Gift (fair market value – annual gift exclusion) What is the Holding Period in the hands of the Donee? Gain Loss Carry-over holding period Holding period begins on the date of the gift If the asset is used for business or income producing purposes, the basis used for depreciation is the Gain Basis. 1...
View Full Document
- Spring '10
- fair market value, Gain Basis Donor