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Reword basis calculation text for clarity #142

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Apr 8, 2024
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2 changes: 1 addition & 1 deletion README.md
Original file line number Diff line number Diff line change
Expand Up @@ -425,7 +425,7 @@ Gain recognized is the lesser of (per Form 8937):
* cash received
* cash received + FMV AVGO received - basis prior to merger

That simplifies to the lesser of:
That simplifies the tax basis calculation to the lesser of:

* basis prior to merger
* FMV AVGO received
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