@markusmmayer-gmx , agreeing with @Critter-3 , I would like to add a bit of incidental information ( i.e. beyond the information you sought :(
1. If you are going to be under the US tax laws when you expect to sell the property, you will need the basis of the property. Because it is a gift, the basis is the basis of the donor at the time of gifting. So you need to keep this detail in your file for future use.
2. If what your parents are trying to make sure is that the asset goes to you at their passing ( and not trying to reduce their holdings for tax reasons ), then transfer by inheritance would be more tax advantageous for you ( because the basis will be the Fair Market Value at the time of passing ).
3. Note that assets like land are generally immune from FBAR and FATCA reporting requirments.
Hope all this makes sense to you
If you need more focused reply please consider providing ( a) your citizenship; (b) where the asset is located.
pk
