it should not be taxable by any means... / the fed should concern themselves...
“Should” is rather irrelevant, when it comes down to the matter of what regulations are. I agree with you 100% that such would be ideal, though doubt the “should” argument would ever hold up in an audit.
Haha, you are right of course...'should' making it my opinion, not fact...but I do believe that is how it Should work... :)