tagteam is correct.
IRS Publication 551 Basis of Assets, page 9, here states:
To figure the basis of property you receive as a gift, you must know its adjusted basis (in most cases, the cost) to the donor just before it was given to you, its fair market value (FMV) at the time it was given to you, and any gift tax paid on it.
And this
If the fair market value (FMV) of the property is equal to or greater than the donor's adjusted basis, your basis is the donor's adjusted basis at the time you received the gift. Increase your basis by all or part of any gift tax paid,
Your basis is the donor's adjusted basis when you were gifted the property in 2008 plus any gift tax paid.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
