My wife sold a 2 acre lot of land in February of 2018. She has received a 1099 S to file for this sale. There is a question of how much the land was worth when she inherited it from the deceased (which was her mother, and that was in 2010). How is there any way to know what it was worth then compared to now? That's a hard question to answer. Because whatever she puts in that field will generate whether she had a gain/loss. It's a little confusing.
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