I really just need help with part B, any long explanation with details would be great.

1. Maggies aunt died in 2001 leaving her a home which has been the principal residence of Maggie and her husband ever since. Her aunt acquired the property in 1980 at a cost of $90,000. She (the aunt) made capital improvements over the years totaling $25,000. The property had a fair market value at the aunts death of $250,000. Her aunts estate elected the alternative valuation date at which time the property had a value of $200,000. In 2003, Maggie and her husband added a tennis court (cost $25,000) and paid a city assessment for the installation of sidewalks on their street of $5,000. They sold the home in 2020 for an adjusted sales price of $800,000, and immediately purchased a new home at a cost of $600,000. Maggie and her husband file a joint return. Please identify, discuss, and resolve all tax issues associated with the acquisition and sale of both the home they inherited from Maggies aunt, and the purchase of the new home, including an analysis of the basis of their new home.

B. Assume the same facts as in part A except that Maggies aunt did not die. She instead gifted the house to Maggie in 2001 which as of the date of the gift had a fair market value of $250,000. How would your answer change, if at all. Disregard any gift tax that may have been paid.