Thank you, this does make perfect sense. Now I'm certain I cannot prove the cost of the house she built in 2007 that she gifted to me in 2014, because in Hungary, these records are only required to be kept for up to 5 years, and she used no loans to build it with. So, even though it was sold for significantly less than what she put into it plus I am forfeiting a tax deduction on the loss, I will be at the mercy of the IRS; it was at least a 40% loss (we calculated this when advertising the home), since it's too far from any major city. This is a misfortune, but what can I do...
