Donor makes a gift to the donee. Which of the following is true with respect to the basis of the property?
A. The donor's basis is always carried over to the donee.
B. The donor's basis is always carried over if the property is transferred at a loss.
C. The donee acquires the donor's basis as long as the property is transferred at a gain.
D. The donee's basis is equal to the FMV of the property on the date of the transfer.