Thanks for the info!
I checked around on nl2br and came up with the following sample code. Using variations of the (un)commented lines I can do anything I'd been wanted with carriage returns. =)
Thanks!
$body = nl2br($body);
//$body = str_replace("<br />", "
//", "$body");
//
//echo "<textarea name=body wrap=virtual cols=48 rows=12>";
$body2 = strip_tags($body);
$body2 = stripslashes($body2);
//echo $body;
//echo "</textarea>\n";