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EV Energy Partners LP Message Board

  • circuitest1 circuitest1 Mar 17, 2014 6:02 PM Flag

    K1 gain calculation

    my original post was not clear enough - i should have asked "which is the correct way to calculate total gain when the adjustments to basis are negative. should it be
    a) +10000 (sale) - 6000 (cost) -(-2000)(basis adjustment)= 2000 gain
    b) +10000(sale) - 6000 (Cost) - (-2000) (basis adjustment)= 6000 gain

    in other words should a negative basis adjustment be counted as a positive instead of a negative as you would in mathematics where a double negative turns into a plus

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40.03+0.63(+1.60%)Aug 21 4:00 PMEDT

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