_____ 19. The recipient's basis in a gift always carries over from the gift's donor.

Name: _____ 19. The recipient's basis in a gift always carries over from the gift's donor.
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The recipient's basis in a gift generally carries over from the donor, but there are exceptions, such as when the fair market value at the time of the gift is less than the donor's basis, which can affect the basis for loss calculations.

_____ 19 the Recipient's Basis in a Gift Always Carries Over