This is considered a sale of stock fractional shares. It can be reported by using the steps below even if you didn't receive a Form 1099B.
You can use various as the purchase date, and the holding period is based on whether you held the stock for more than one year (long term) or one year or less (short term). To come to the correct basis to use you divide the dollar amount of basis for all the shares received, including the fractional share. That gives you a per share basis figure. Then multiply that per share basis figure by the fraction of a share you sold, and you have your basis. Of course you're always free to report a basis of $0 and pay taxes on the entire proceeds.
Please follow the steps below for this transaction reported to you on a Form 1099B.
- Sign into your TurboTax account (Premier will work for this transaction)
- Select Federal in the black navigation panel, left
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Search (upper right) for 1099b > Jump to 1099b
- Continue to follow the screens and make your entry.
- Click the images attached to enlarge and view for assistance.
