II Mom gave birth to septuplets a little over a month ago. She and the infants' father, Dad, are married to each other and file a joint federal income tax return. Dad works as a car salesman for a new car dealer. Mom and Dad have no savings to speak of. The birth of the septuplets brought on enormous publicity for the family, an air of celebration tempered only by concern for the well-being of the septuplets and the financial ability of Mom and Dad to manage their now very large family.
Mom is now home from the hospital.
The babies are doing well and should be going home in several weeks. Mom and Dad are grateful for the financial support they have received, all unexpected. Dad is back at work selling cars as before, relaxed and happy, and with customers showing him an unaccustomed recognition. Please also indicate how Mom and Dad should compute the basis for their home when they come to sell it, both if provided directly by the home builder or through the Foundation.