BobKamman
Level 15

Gross proceeds were never part of the definition.  Code Section 61 states:

(3) Gains derived from dealings in property;

IRS would just hassle people with higher proceeds because they hoped to shake some with profits out of the tree.  As I recall, they did this with even greater vigor in years the market went down.  Now, it's easier for them to spot those with gains, so the number of AUR notices has diminished.