I am using turbo tax deluxe and have a similiar question. Ten years ago, I was given stock options that resulted in 100 shares of company stock. Two years later, I received and 250 shares of common stock. I let the company stock dividends get reinvested for the past 10 years. In July of 2021, it was announced that the company stock would be splitting off a portion of their business into another company and I would receive one stock for every 2 stocks that I owned. So now, with all of the reinvestments, I have 456 shares in company A and 227 shares in Company B. Recently, I received a 1099-B statement from the shareholders investment group. In box 5, it states a $30.91 amount for cash for a fractional amount of the new company B stock. Back in the summer of 2021, I cashed a check for this amount $30.91 and it was for cash in lieu of fractional shares. The 1099-B form has Boxes 1B, 1c, 1d, 1e,1g, and box 4 are all blank. Box 5 has description stating "Non covered securities transactions for which basis is not reported to the IRS and for which short term or long term determination is unknown by EQ shareholder services" and I must determine short term or long term basis on form 8949. Should I just complete form 8949 stating long term basis and zero cost basis? Thank you.
