@nexchap Thanks so much for the quick response! I created an Excel spreadsheet to make the calculations for me. Is it safe to assume that I can just divvy up Basis Adjustments and Ordinary Gain as long term and short term proportionally by using Column 9, Percentage Long Term?
Also, I did misspeak, as I have a couple more complications:
1. I bought then completely disposed of USO during the year. My Sales Schedule does not show an Ordinary Gains column. Column 7 instead reports Percentage Long Term. Am I to assume that there are no Ordinary Gains and that all gains or losses were Capital?
2. USO underwent a reverse split while I held it and I wound up with 1/2 share which my broker gave me as Cash in Lieu <$20. This shows up in my broker statement's Supplemental Information but I can't find where or how it was reported to the IRS. Additionally, the Sales Schedule shows the 1/2 share being sold around the time of the split with the remaining 12 shares sold on the correct date in December. The Initial Basis Amount for the 1/2 share is off by about $1 but for the 12 shares it is way off (1099-B says $418, Sales Schedule says Initial Basis of $432 plus Adjustment of $2 = Cost Basis of $434). Does the Cash In Lieu have anything to do with this and how would I enter these transactions?
Thanks and a Happy Mother's Day to you if you celebrate!
