Thanks-
So just for clarification, if we received this gun as a repayment for a loan from the relative, we would still put "I received it as a gift"?
Additionally, what would the cost basis be? The relative we received the gun from had inherited it from his father when his father passed away. Would the cost basis be the price of the gun at the time that his father passed away? Or would the cost basis be the price of the loan?
On the page "Now we'll walk you through entering your sale details", there's a section that asks to put the Date acquired by previous owner. Would this be the date we acquired it, or the date that relative we received the gun from acquired it? I believe the relative we received the gun from inherited it when his father passed away. I'm assuming the latter?
Thanks for your time.
