Thank you for your reply. Much appreciated.
So based on the information given (note: added detail for cash in lieu) and feedback I conclude the following:
Use broker info from 1099-B as reported and on Form 8949:
- Zynga 350 shares, Dates: acquired 7/22/20, sold 5/24/22, Proceeds *$1,225, Cost Basis $3,451, LT Loss ($2,226).
Cost Basis of New Stock 14 Shares of TTWO
- Value of 14.21 shares exchanged is $1,650.07 (based on share price at closing on 5/20/22 @ $116.12/share).
- Cash in lieu for .21 fractional share given on 5/23/22, $25.76 and to report as proceed on form 8949.
- Cost basis of fractional share .21 x $116.12 = $24.39 and to report on form 8949.
- Sold 5/24/22 ST Gain $1.37 and to report on form 8949.
- Cost basis of 14 shares acquired on 5/24/22 is $1,650.07 - $24.39 = $1,625.68.
*This was cash to boot calculation ($3.50 cash to boot received per share of original stock) i.e. $3.50 x 350).
Based on what I outlined above and from the 1099-B info, would this be correct for form 8949 sales/losses reporting?
