In 2010,Pam makes a gift of land (basis of $313,000;fair market value of $913,000)to her granddaughter,Tracy.As a result of the transfer,Pam paid a gift tax of $45,000.Tracy's income tax basis in the land is:

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The Answer of In 2010,Pam makes a gift of land (basis of $313,000;fair market value of $913,000)to her granddaughter,Tracy.As a result of the transfer,Pam paid a gift tax of $45,000.Tracy's income tax basis in the land is:

In 2010,Pam Makes a Gift of Land (Basis of $313,000;fair