rbynaker
Level 13

https://www.irs.gov/pub/irs-pdf/p721.pdf

The rules can get complicated.  I'd guess at this point it's probably all taxable, I see very few of these nowadays with UNKNOWN.  Most of the older ones I had (now deceased) would have used the antiquated "basis comes out first" rules and would be fully taxable now.  All the ones I see now have taxable amount computed.