@thyname11 wrote:
....don't they also need to know the cost basis (fair market value) when it was placed in service as a rental in 2014?
No, they do not since that fair market value was only for the purposes of calculating your depreciation deductions.
You need to know your cost basis, the cost of any improvements you might have made, your sales price, your selling expenses, and your accumulated depreciation figure (the total of all of the depreciation deductions you have taken).
Again, your cost basis, for the purpose of the sale, is going to start with what you paid for the property in 2006, not the fair market value in 2014.
