Identify Which of the Following Statements Is True

Identify which of the following statements is true.

A) Prospective donors should not dispose of property that has declined in value by selling it rather than gifting it.
B) If the gifted property's FMV on the date of the gift exceeds its adjusted basis and the donor pays no gift tax, the donee's basis is the same as the donor's basis if the property is sold for a loss.
C) A $15,000 annual exclusion per donee is available for both gift tax and estate tax purposes.
D) All of the above are false.