Total Gain = Sale Proceeds - (Purchase Price + Cumulative Adjustment to Basis)
Capital Gain = Total Gain - Ordinary Gain
Cost Basis = Sale Proceeds - Capital Gain
Negative numbers confuse me.
Using the above formula, how would these numbers fit these formulas.
Sales proceeds: $5,606 Purchase price: $9,284 (on 1099-b) K-1 says $10,105
Cumulative adjustments to basis: -9,376 Gain subject to recapture as ordinary income: $6,052
