The IRS' long-standing position was that such stock had no tax basis, so that when the shares were sold, the taxpayer owed tax on 100% of the proceeds of the sale. But after a long legal struggle, a federal court ruled that the IRS was wrong.
Rome in January and February can chill the bones but temperatures will rarely be sub-zero. Snow is extremely rare but rain is common and weather forecasts unpredictable at best. But many a tourist has left very happy as there always seems to be a respite where you can engage and complete your tourism duties.
Re: Temperature in Rome in mid May? Apr 18, 2008, 1:26 AM I was in Rome in May 2006 for one week and it was about 80-85 degrees Fahrenheit (or 26 celsius), clear and sunny, every single day--way too warm to wear a jacket or even jeans.