Thanks, @KrisD for your thorough and thoughtful reply and advice. Also, I apologize for posting this in the Deductions & Credits page since it's not really related to either of those things. I'll explore other sections that might be more appropriate. It is my understanding that the brother and sister verbally agreed to use the FMV established by the bank's appraisal as the "sale price" for brother's 1/2 interest. Although a few months elapsed between the QCD and the loan, I don't believe there would have been a substantial change in the FMV between those 2 events to trigger an additional "gift" in 2024 as you described. But that's something to consider, nonetheless. Thanks again.
