<p>He will have a lack of $10,000 because he must use the FMV ($80,000) at the time of the present as his basis to figure the loss. If somebody gave you your house and the donor’s adjusted basis, when it …</p>
<p>He will have a lack of $10,000 because he must use the FMV ($80,000) at the time of the present as his basis to figure the loss. If somebody gave you your house and the donor’s adjusted basis, when it …</p>