I also have a Kyndryl spin-off question. I received $15.38 as CASH IN LIEU OF FRACTIONAL SHARES (KD). The fractional share =0.7636. TD Ameritrade website says that my cost basis for the whole shares I got was $3.80/share. I imported my 1099-DIV/B to Turbotax and it needs me to fill in the cost basis for my $15.38 (0.7636 share). What do I enter? Is the cost basis $0? Because I did not buy it? Is the cost basis $3.80 x 0.7636 = $2.90?
OR, I see this on the TD site under "Realized Gain" for Kyndryl:
| Totals: | | Adj cost 0.00 | | Adj proceeds 15.38 | | Adj gain ($) | 15.38 | | Adj gain (%) | 0.00 |
Does "Adj cost 0.00" mean my cost basis is zero?
Thank you.
