| A | B | C | D | E | F | G | H | |
|---|---|---|---|---|---|---|---|---|
1 | Process for allocating cost basis to member shares. | |||||||
2 | Member's Adj. Tax Basis | 7589 | ||||||
3 | Member basis in stocks increased over club's basis | |||||||
4 | Symbol | FMV | Club's Cost | Club's Gain/Loss | Adj % | Adjust $ | Member's Cost | |
5 | TLM | $756.00 | $1,007.31 | -$251.31 | 0.00% | 0 | $1,007.31 | |
6 | TLM | $1,436.40 | $512.24 | $924.16 | 26.03% | 153.21 | $665.45 | |
7 | UNH | $3,241.70 | $2,589.00 | $652.70 | 18.39% | 108.20 | $2,697.20 | |
8 | AME | $529.20 | $707.21 | -$178.01 | 0.00% | 0 | $707.21 | |
9 | UA | $2,268.00 | $1,159.85 | $1,108.15 | 31.21% | 183.71 | $1,343.56 | |
10 | UA | $1,890.00 | $1,024.85 | $865.15 | 24.37% | 143.42 | $1,168.27 | |
11 | Total | $10,121.30 | $7,000.46 | $3,120.84 | 588.54 | $7,589.00 | ||
12 | ||||||||
13 | Gains only | $3,550.16 | ||||||
14 | ||||||||
15 | Basis adjustment needed is Member's Adjusted Tax Basis in club | $588.54 | ||||||
16 | minus club's cost basis in stocks transferred. | |||||||
17 | ||||||||
18 | Member's Adj. Tax Basis | 6795.24 | ||||||
19 | Member basis in stocks decreased from club's basis | |||||||
20 | Symbol | FMV | Club's Cost | Club's Gain/Loss | Adj % | Adjust $ | Member's Cost | |
21 | TLM | $756.00 | $1,007.31 | -$251.31 | 58.54% | -120.13 | 887.18 | |
22 | TLM | $1,436.40 | $512.24 | $924.16 | 0.00% | 0.00 | 512.24 | |
23 | UNH | $3,241.70 | $2,589.00 | $652.70 | 0.00% | 0.00 | 2589.00 | |
24 | AME | $529.20 | $707.21 | -$178.01 | 41.46% | -85.091 | 622.12 | |
25 | UA | $2,268.00 | $1,159.85 | $1,108.15 | 0.00% | 0.00 | 1159.85 | |
26 | UA | $1,890.00 | $1,024.85 | $865.15 | 0.00% | 0.00 | 1024.85 | |
27 | Total | $10,121.30 | $7,000.46 | $3,120.84 | -205.22 | 6795.24 | ||
28 | ||||||||
29 | Losses only | -$429.32 | ||||||
30 | ||||||||
31 | Basis adjustment needed is Member's Adjusted Tax Basis | -$205.22 | ||||||
32 | in the club, minus club's cost basis in stocks transferred. | |||||||