Why in the world would you want to paint base boards with latex paint? Oil based paint is much much more durable, looks nicer on hard surfaces and cleans up better. I had the interior doors and all the trim inside my house painted with one coat of primer/sealer and two coats of Porter semi gloss enamel when the house was built twenty four years ago. It looks as good today as it did when it was first applied. Yes, you will spend a little more time cleaning up after using oil base paint and the cost for oil based paint (assuming it's still available) might be a bit higher but with reasonable care, oil base paint will clean up better and will hold up much longer then any latex paint currently on the market.
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