Why does the adjusted cost basis increase past the stocks original purchase price upon selling in my tax document? There seems to be some discrepancy between my transaction history and my tax document. Two questions:
I. Why does the tax document show a greater loss than my transaction history?
II. What was the raw amount of cash I lost that day, i.e. ignore taxes?
On a particular stock:
My tax document suggests a loss of $4,672.
My transaction history suggests a loss of $1,315.
Note, all trades were within the same day on the same stock.
Mock Tax Document:
Tax Document ($-4,672)
Why does the total cost basis when selling seemingly magically increase past the original total cost basis when buying? The amount column suggests a lost $1,315, while the realized gain/loss column suggests a lost $4,672.
Mock Transaction History:
Transaction History ($-1,315)
I remember loosing around $1,315 that day. The total funds in my brokerage account suggest I lost $1,315 that day. The brokerage account guy I spoke with on the phone said I lost $4,672. I told him several times that I wanted to know the raw amount of cash I lost, and not all this tax disallowed loss mumbo jumbo. He still claimed I lost $4,672. I disagree. Who is right?
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