House was purchased at $229K. Ownership was transferred to a trust during marriage and mortgage was paid off. 19 years later, we got divorce. House was valued at $300k in the divorce decree and ownership transferred to me as part of the settlement in lieu of cash.
For purposes of capital gains tax - do I use the original purchase price of home or the value of the home in the divorce decree when ownership was transferred to me when the trust was dissolved.
