@nexchap Thanks so much for the reply! In response to:
Answer 1: Shouldn't the equation to determine correct cost basis be 3,525+255 = 3,780? 3,525 (Cost Basis) was derived from 3,839 (Purchase Price/starting Cost Basis) - 314 (Adjustments to Basis/distributions plus business loss). Your answer appears to subtract 314 twice. Not trying to challenge you, just want to make sure I understand the logic.
Answer 2: Does Sale Price need to be $0 on this part of the interview?
Thanks!
