Answer Happy

Posted: **Sun Jul 03, 2022 1:15 pm**

: Ashley Gifts A Piece Of Land To Her Spouse For No Proceeds She Files No Election Forms The Land Cost Ashley 45 000 To 1 (139.51 KiB) Viewed 13 times

Ashley gifts a piece of land to her spouse for no proceeds. She files no election forms. The land cost Ashley $45,000 to buy and its value at the time of the gift is $75,000. What is the adjusted cost basis to her spouse on the land received? $45,000 $0 $60,000 $75,000