Question
Cost Basis v. Adj Cost Basis for Bonds
Folks:
Client's 1099-B reports proceeds ($10,000) and cost ($10,000). But at the end it also reports realized gain or loss reiterating the proceeds numbers but stating $10,890.50 for cost basis and $10,000 for Adjusted.
I'm confused--which number do I use? What is this telling me?
M.
