The house was effectively a gift from the grandparents to the new owner. The basis would be the same for the new owner as for the grandparents -- the original c...
The link, if it does not work for you (it did not work for me) is a discussion on the IRS page:HomeFileBusinesses and Self-EmployedSmall Business and Self-Emplo...
My daughter had this problem. Social Security had entered her birthday as 1 Dec 1981, instead of the correct 17 Dec 1981. We had to show them a birth certificat...