Investors & landlords

Just in case this helps anyone in the future, here's what I did (and I believe this is the right thing to do)...

 

Find out your purchase date (i.e. 01/01/2018) - the sale will remain in "Review" status unless you enter this.

Find out your earliest purchase price, since the default is First in, First out (FIFO) (i.e. $15)

Find out the number of shares. (i.e. 5000)

 

Your 1099 will look something like this:

11/24/20 0.000 24.81 N/A ... ... ... Principal payment 16 Cost Basis Factor: 0.[removed]

 

So to calculate your cost basis, you do this:

(Share price) x (# of shares) x (Cost Basis Factor) = Cost Basis

 

In my example, it would look like this:

$15 x 5000 x 0.[removed] = $24.42

 

That means my gain/loss = 0.39 (or zero as far as IRS is concerned.)

I had over 60 of these transactions, so it was extremely tedious.

 

Hope this helps someone.