Recent content by jrhyno

So lastly, after re-reading the instructions for 8949, it looks like I shouldn't itemize all of the sales individually (which is an option in turbo tax). It looks like I should go straight to the form and in column (e) at the bottom add the total cumulative adjusrment to tax basis. I'm...

And I know that you are probably getting tired of my posts, but when I try to put in the cumulative adjustment to tax basis for a wash sale, it looks like it gives me a loss, which isn't allowed. Should I just not add the adjustment to the wash sales that I have? Thanks for the patience, I'm...

Jeez! Looks like I did that incorrectly. Should be: 50 shares, purchase price = 2374.5, sale price = 3689.64, 1099B gain = $1315.14 K-1 Cumulative adjustment to tax basis: $1380 So, I think that I need to add the K-1 amount of $1380 to the purchase price in this instance (2374.5 + 1380 =...

Thanks, I think that either way would get the job done, and the instructions appear somewhat confusing, at least to me. So, to consolidate my posts from before: 50 shares, purchase price = 2374.5, sale price = 3689.64, 1099B gain = $1315.14 K-1 Cumulative adjustment to tax basis: $1380 So, I...

Ok, those columns didn't line up at all the way that I wrote them. Bottom line: All dates the same. 1099B gain = $1315.14 K-1 Cumulative adjustment to tax basis: $1380 I'm guessing that the $1380 gets put into the 8949 in column 1e. In some cases the cumulative adjustment to tax basis is...

Ok, a specific: sold shares proceeds aquired cost gain 8-9-16 50 3,689.64 12-11-15 2,374.5 1315.14 K-1 info: (1) (2) (3) 4-5 (6) units Aquired date Disposition date blank...

Yes, most of my cumulative adjustment column entries are none zero, and in most cases quite a bit more than my realized gains on my 1099-B form. I'm starting to understand better that the K-1 for SVXY is marked to market(?) if that's the correct term, and doesn't have anything to do with profit...

So, I've traded some SVXY over the last year or so. Imagine my surprise when my brokerage statement indicated that I had made almost 10K (good!), but my K-1 from ProShares indicated on line 11(c) that my "income" was just over $20,000. I spoke with a quite helpful guy from Proshares, who went...