Thank you. Now, is there anyone that can guide us in filling out Form 709
(with Form 709 Schedule A, we assume), i.e. what numbers to use and
where to enter these numbers.
Data Restated: My wife & I sold our main home of 25 years to our daughter in 2018.
Cost Basis: $ 225,000 Selling Price: $ 103,000 Our daughter paid all Closing Costs.
Fair Market Value: $ 350,000
My wife and I will each need to fill out a Form 709.
