I wouldn't have asked the question if it didn't matter.
There are a number of other issues that need to be addressed as well, all of which will impact how this gets reported.
You should have a one on one with a tax professional as this forum is not conducive to having a back and forth "dialog".
You can also review IRS publication 550 in advance of your meeting.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
