Investors & landlords

......I didn't think it was clear to him/her.  

Yeah, the initial "I HAVE TO PAY TAXES ON THE COST BASIS " part might indicate that, or could indicate he was offended...but...he kept pointing to the cost basis $$ amount...as-if it was meaningful, and as-if he was getting taxed on it and thought he shouldn't be.  

But that's a common problem with many posts...they are are rarely entirely clear as to what is going thru the poster's mind.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*