A GUIDE TO COST BASIS TAX REPORTING CHANGES AND …
in hand, your adjusted cost basis when the stock is sold should be recorded at $1,300 instead of the original purchase price of $1,000. Then you sell the stock for $1,500. Your taxable gain is based on that adjusted cost basis, so it amounts to only $200 ($1,500–$1,300). If you record the cost basis as $1,000 and calculate the cost basis as ................
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