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So I'm assuming the gift is the difference between the fair market value of the property (not the amount on the contract) and the amount I actually received. That would be $470,000, or $235,000 for each donee. Then I have to subtract the exclusion of $18,000 from each. That leaves a gift of $217,000, which is the adjusted basis of gift per donee (column e), correct? And that same figure would be the value at the date of the gift (column g). Is that right?