Hello - just a question please on reporting cash in lieu
I have a 1099-B with a small cash in lieu payment from a spin-off. It's shown on the last page "other investment activity" section in the 1099-B - so not in any table or "box" #. I know the dates, and the basis, and its long term from 2011, etc.. This other transaction does not show with the 1099 import so i'm assuming i need to add manually.
What's throwing me off is the TurboTax desktop instructions. The new automated instructions when you click 1099 "add more sales" goes through a series of questions saying enter your data must be "exactly identical to the 1099" and it asks what box number it shows up. Just confused about what to select
- is this long term basis considered reported or not reported (since its in an other section of the 1099)
or is it long term basis did not receive 1099 form (since its not formally in a "box")
- also do i select the checkbox that says "basis missing from 1099 form" or ignore this
thanks for any help !
