@one_of_the_many You can't do the last thing you suggested, because you can't enter a negative basis. But you have a couple options:
- The 100% completely, obsessively, perfect method would be to adjust the basis of every single trade (you'd have to spread the adjustment based on shares and days owned). This would be a lot of work and unnecessary.
- The 'good enough' approach is to allocate the adjustment to a couple of trades where it won't make the basis negative.
Since the point of the adjustment is to make sure you pay capital gains tax on the extra $1,924, as long as you're adjustments deliver that result the IRS will be satisfied.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
