Had a disability policy that paid quarterly dividends for years. Company spun off a new company, 10 shares from original at a 1 to 11 distribution rate. Rather than fractional shares, cash-in-lieu was issued (just over $50 in my case).
New company issued 1099-B with only fields 1a, 1c, 1d, 4 ($0) and 5 (x) filled in.
Turbotax is not pleased with only this information, but after trying several times, guessing and using "various" for original date of acquisition, $0 for cost basis, etc, nothing seemed to change the bottom line of my refund amount, while TTax still complains during reviews and final check. Latest try reports a complaint about "Capital Gain Wks , Part II line 2 is shown as 10 shares. But only 0.90910 shares are shown as acquired" -- so how do I satisfy the program and the IRS without the additional information needed? There are no "brokerage" records to consult.
