Please clarify Cost Basis
I really thought I had this down... but I'm troubled by something.
I'm reviewing my statement from December 2014. It shows
12/17 XXXXX You bought (Quantity) 3517.020 (Price per Unit) 15.21000 (Transaction Amount) -53,493.88
However, the broker shows this lot today as
12/17/2014 Short ... (Cost Basis) $49,757.38
What could account for the difference between the amount I paid for it and its current cost basis?
UPDATED: Please delete this thread... apparently the broker applied the wrong cost basis approach (avg cost versus lot-specific).