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.
Temperatures in February vary depending on where you are in Italy, but as a general rule of thumb these are the ranges: 1  Northern Italy: 25-45Â°F (-4-5Â°C) 2  Central Italy: 40-55Â°F (5-13Â°C) 3  Southern Italy: 50-60Â°F (10-16Â° C)