You really need to hire either a CPA or a tax attorney for help on this. If it is later deemed that you were incomplete in your statement of assets, this can come back to hurt you significantly.
If you cannot afford a C.P.A. then go ahead and check out your local library for volunteer tax help- those are usually run by retired accountants who have a strong public service sense. You can call the I.R.S. itself for tax help but if you do this, you MUST document it.
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Reduction of bases yields more tax when an asset is eventually sold. Personal use assets economically are considered as being consumed. I would list all of my few assets on the form to make it part of the record because no one knows what you might be earning in 5 years. Putting them on the record makes it a statement.
Also file your $0 income owing tax return complete. If you need to rely on it far after your records are gone it will stand and it will get the statute of limitations application. (otherwise you will have to show that you earned nothing, perhaps continually for years to come AND it will preferably not give you statute of limitations closure.
Curt Harrington Patent & Tax Law Attorney Certified Tax Specialist by the California Board of Legal Specialization PATENTAX.COM This communication is general information and not legal advice, and does not create an attorney-client relationship. This communication should not be relied upon as any type of legal advice. Please note that no attorney-client relationship exists between the sender and the recipient of this message in the absence of either (1) a signed fee contract and (2) remission of an agreed-upon retainer. Absent such an agreement and retainer, I am not engaged by you as an attorney, nor is any other member of my law firm.