Deductions & credits

To simplify pk's great answer:

 

(1) You/the corporation should have ALREADY paid capital gains when it was transferred to you (the gain from when it was purchased, to when it was transferred to you).  If that was not done, you will need to correct that.

 

(2) When you sell the property, any capital gain is based on the gain from when it was transferred to you, to when you sell it.