My wife and her sister were gifted a house in 2022 and sold it in June 2022. I got a 1099-S and not sure how to report it. Form 1099-S says gross proceeds of $214,972. Where do I enter the filers name info and the Transferors name and information on my tax returns? Also, how do I establish the cost basis for the house? If anyone can please help me out please. Thank you
