Hi,
Bottom line, because I did a short sell, RH indicated in the information section that I paid $10K of dividends and received $2.5K foreign tax (negative 2.5K tax paid), they did not adjust the basis of my transaction so that RH reported a gain to the IRS. My original question was, do I report an adjustment basis of 7.5K (10K-2.5K) in Turbo tax for the stock transaction, so that it will reflect the correct amount of gain and loss that should be reported to the IRS. RH had reported a gain, I had the loss instead.
