As a final comment, well maybe two:
- While one doesn't like to practice tax on the premise that the IRS won't figure it out, it is likely this is over the head of most.
- Make sure you don't have plans to gift anything to anyone, as if you do, you will definitely need your tax basis.
*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.
