@EleK Looks like you bought these shares for $10,640.87 (cost basis on your 1099-B). You should double-check your own records to verify, but usually what the broker reports is the purchase price. Assuming that's right, your true cost basis is 10647.87-6617 = $4,030.87. So you're TOTAL gain on the sale was $11,458.28 - $4,030.87 = $7,427.41.
However, that TOTAL gain is split between Ordinary Income and Capital Gain. You're Ordinary Income is $9,798, so your Capital Gain/Loss must be ($2,370.59). So the Basis you want on the 1099-B is $13,828.87. That's actually your purchase price (10647) less your cumulative adjustment (6617) PLUS your ord income (9,798). I apologize for my mistake in the formula provided earlier (I've edited it to make the correction). I was typing too fast and didn't think it through.
Make sense?
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
