I received corrected 1099-B, all the numbers from boxes 1a-1e are the same.
The only addition is : NMWHFIT ADDITIONAL WRITTEN STATEMENT
In there only "Cost Basis Adjustment" contains data. Its for a single security GBTC, and the total is −53.22
But the column has a note at the bottom:
Represents a Cost Basis Factor supplied by the Trust on a Per Share Basis. You may need to determine your total Cost Basis adjustment by applying this factor to the number of Trust Units held.
So it seems I need to adjust the basis of the 1099B, but given 115 shares were sold it needs to be 115*53.22? That would make my basis negative. Am I reading this right?
Also where do I enter this adjustment, is it on the wizard step "Select any less common adjustments that apply" ?
Thank you!
One way to calculate is as below, but it doesn't make sense that the loss is more than ever was spent buying this fund:
Total Cost Basis Adjustment = Cost Basis Factor per share x Shares Sold
Total Cost Basis Adjustment = -53.22 x 115
Total Cost Basis Adjustment = -6,119.30
Adjusted Cost Basis = Original Cost Basis - Total Cost Basis
Adjustment Adjusted Cost Basis = $4,834.65 - (-$6,119.30)
Adjusted Cost Basis = $10,953.95
Gain/Loss = Proceeds - Adjusted Cost Basis
Gain/Loss = $1,023.41 - $10,953.95
Gain/Loss = -$9,930.54
