I forgot to mention, IRS Publication 523 states "If you received Form 1099-S, start with the amount of real estate tax you actually paid in the year of sale.Sub...

I don't know whether the method of acquisition gets reported to the IRS.As far as FMV on the date of the gift, I simply called the town's tax assessor's office ...

Thank you for the information.I don't like the fact we have to check 'other' rather than 'gift'.If you read the 'Learn More' adjacent to Donor's Cost Basis it a...