@nexchap This is very misleading "the correct cost on the 1099b is purchase price + adjustments to basis + ord gain. " because there's no example given and typically the cumulative adjustment to basis is a **negative number**.
Here's my scenario from my Sales Schedule:
Purchase price/initial basis (column 4): $100,087
Cumulative adjustment to basis (column 5): -$12,932
Cost Basis (column 6): $87,155
Gain Subject to Recapture (Column 7): $18,229
It seems based of what you're saying then, "purchase price + adjustment to basis" is just exactly what is reported in column 6 aka COST BASIS.
So your response might be more clear if you just said your cost basis is the cost basis as reported in Column 6 of the Sales Schedule, "Cost Basis". But that to make TT work correctly, you have to add back in to your basis Column 7 (gains subject to recapture).
Ergo, my cost basis is exactly the cost basis reported on the Sales Schedule. Let's not overcomplicate it. Now to trick TT if I go the route of the accepted answer in the above post, I also tack on my recaptured gains. Leaving me with a **New** cost basis of $18,229 + $87,155 = $105,384
So what is the basis I should report on my 1099??
