Sort of.
AMT gain is $4,001 less than Ordinary Gain, so $33,688.
Your overall cost basis is 21,762 less than your purchase price. So your TOTAL gain is sale price less overall cost basis. But that TOTAL gain is split -- part of it is taxed as Ordinary Gain, and part is taxed as Cap Gain. So you need to make sure the Cap Gain that appears on your 1099-B reflects that.
**Say "Thanks" by clicking the thumb icon in a post
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
