Greg Transfers Property on August 8 of the Current Year

Greg transfers property on August 8 of the current year with an adjusted basis of $40,000 and an FMV of $90,000 to his ex- wife as a property settlement that is part of their divorce agreement. The property settlement agreement and the divorce were both finalized on June 3 of the current year. Greg has made a gift of

A) $90,000.
B) $40,000.
C) $80,000.
D) $0.