Capital gains tax and purchase price of house

[scarr416]

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.

[Mike9241]

According to Internal Revenue Code section 1041, a transfer between spouses, or former spouses, “incident to divorce” is not taxable in most circumstances. The transfer is treated like a gift, and the transferee takes the transferor’s tax basis in the property. 

In addition, to the original cost, the cost of improvements made after the purchase would be included. 

[scarr416]

To clarify...I meant that now that I am now selling the house.  To determine my capital gain tax on the sale, do I use the original purchase price of house when married (house was owned by a trust) or the value of the house in the divorce decree when I gained ownership.  

[MinhT1]

Your cost basis is your original purchase price, plus any improvements you made to the property.