Yes, you must maintain supporting documents, but you do not have to include them when filing your tax return.
- If you don't have receipts, document the circumstance and all of the information you can gather.
- You would have to have this available if the IRS were to question it.
What was the status of the house for the past 10 years
- Did you live in it?
- Did you rent it?
- Was it vacant?
This will affect the way you report the Capital Gain
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