Interactive Brokers - Activity Report errors
I'm noticing inconsistencies with my IB activity reports in terms of Realized profits, and I foresee a lot of headache at tax time. What kind of reports do you all use for your tax reporting?
My specific issue is that IB doesn't to seem to apply weighting for calculating adjusted cost basis:
Purchase 25 shares of XYZ @ $7.74
Purchase 75 Shares of XYZ @ $6.25
Sell 50 shares of XYZ @ $6.78.
I calculate my ACB to be $6.64, yet IB uses $6.99 for profit and loss reporting, which is exactly ($7.74 + $6.25)/2
Any helpful comments would be appreciated. Thanks in advance.