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.
Rome sees freezing temperatures every so often from November until March or April, for a typical total of 28 nights a year. Most of those cold nights dip down to just slightly below freezing. One night a year, on average, drops to between -5 and -10 Â°C (23 to 14 Â°F).