Question

Christian received a gift from his aunt on January 4 of the current year. His aunt had a basis of $9,000 in the item. At the date of the gift, the item had a fair market value of $13,000. Christian's basis in the item is $____________.

Answer 1

5,000 $

Step-by-step explanation:

Because He only needs/Gets 5 Thousands As In division

13,000$-9,000$=5000$