BobKamman
Level 15

You're not really a tax practitioner, are you. 

But the $215K from 2003 is irrelevant and is not added to the donor's basis.  See IRS Pub  504:

Example.  Karen and Don owned their home jointly. Karen transferred her interest in the home to Don as part of their property settlement when they divorced last year. Don's basis in the interest received from Karen is her adjusted basis in the home. His total basis in the home is their joint adjusted basis.