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Donors Adjusted Basis Fair market value of Gift Gift tax On Appreciation Donors Amount Received 30000...

Donors Adjusted Basis Fair market value of Gift Gift tax On Appreciation Donors Amount Received
30000 50000 5000 62000
30000 25000 0 32000
30000 25000 0 22000
30000 25000 0 28000

I would like to calculate the recognized Gain or loss in each row , as well as show all working , please explain the position of the Fair Market Value as well an what role does it play ??

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Answer #1
Donors Adjusted Basis (A) Fair market value of Gift (B) Gift tax On Appreciation (C) Donors Amount Received (D) (D-C-B) GAIN/LOSS
30000 50000 5000 62000 7000 GAIN
30000 25000 0 32000 7000 GAIN
30000 25000 0 22000 -3000 LOSS
30000 25000 0 28000 3000 GAIN
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