@rhbeck68 said "Thus the zero basis appears to be the "correct" process when figuring long term capital gains."
Although the court denied the use of the IPO price as basis, it did allow for a basis of more than zero
"Plaintiffs paid for shares of stock in the demutualized Companies by contributing to the Companies' surplus and by relinquishing voting rights in exchange for the shares. Accordingly, they had a cost basis in the shares of $1,078,128." Reference: https://www.leagle.com/decision/infdco20130319f38
