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[Idaho] Private sale - do I have to tell the tax man?

So I bought my primary residence off-market by knocking doors and finding some snowbirds that were ready to downsize. It was a private deal and was well under market-value.

I'm now filing the standard homestead exemption paperwork and there's a line asking about purchase price.

Anyone know if this is a requirement?

I think Idaho is a private state, where details of RE transactions are not required to be public, just the fact that a transaction was made and title changed.

But am I required to tell the tax man the details?

submitted by /u/ATXENG
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source https://www.reddit.com/r/RealEstate/comments/km767o/idaho_private_sale_do_i_have_to_tell_the_tax_man/
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