The second home is not in the United States. My great grandfather bought it in the 1940's. The government there used Eminent Domain to force out everyone, including me, in the apartment complex. It paid me compensation last year in 2019, which was then converted to US dollars. I do not know the purchase price of 80 years ago as I do not have any old purchase documents. The government records office there said there was no purchase price recorded. Do I have to report cost basis as zero, which means I have to pay huge long-term capital gain?
