Question: Derek receives a duplex as a gift from his uncle. The uncle's basis for the duplex and land is $ 2 0 0 , 0

Derek receives a duplex as a gift from his uncle. The uncle's basis for the duplex and land is $200,000. At the time of the gift, the land and building have fair market values (FMVs) of $96,000 and $64,000, respectively. No gift tax is paid by Derek's uncle at the time of the gift.
Read the requirements(Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.)
To determine gain, Derek's (the donee's) basis for the land is
Requirements
a. To determine gain, what is Derek's basis for the land?
b. To determine gain, what is Derek's basis for the building?
c. Will the basis of the land and building be the same as in Parts a and b for purposes of determining a loss?
Derek receives a duplex as a gift from his uncle. The

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