I actually didn’t get an appraisal at the time. We are doing cost basis based on county tax roll and average sales prices of like property at that time.
i do think the second way is the way to go.
As for her cost basis, I spoke to a real estate attorney and her new home value is the 50k. I am guessing you are discussing this based on capital gains. As long as home doesn’t sell for more than 550001 she should be okay.
