1. Since they were gifts, your basis is the adjusted basis of the donor.
2. Gift tax is only due or reported by the personal that made the gift, not the person that received it.
3. You don't report gifts as income, only the capital gain when you sell an item for more than it was worth when you were gifted it.
[Edited 03/03/2021 | 12:11 PM PST]
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