Nexchap, can you please clarify something in your example. Your formula states:
""the correct cost on the 1099b is purchase price + adjustments to basis + ord gain".
Cumulative adjustment to basis (column 5): -$12,932
Cost Basis (column 6): $87,155
Gain Subject to Recapture (Column 7): $18,229
(Basis = $92,452)
But why are you using Column 6, "Average Cost Basis" as the "Purchase Price"? Shouldn't you use Column 4, "Average Purchase Price/Initial Basis Amount"?
Cumulative adjustment to basis (column 5): -$12,932
Cost Basis (column 6): $87,155 PURCHASE PRICE: (column 4): $100,087
Gain Subject to Recapture (Column 7): $18,229
Basis = $105,384
What am I missing?
Thank you.
