Investors & landlords

Yes, report the transaction even though it is not on your 1099-B.  You enter the transaction into TurboTax in the same way you would enter a regular stock transaction.  Here are the steps to follow if you are using TurboTax online; however, the steps are very similar if you are using TurboTax CD/download:

1. Sign-in to your account.
2. Select Federal in the left margin.
3. Select Wages & Income, left margin.
4. On Your Income and expenses screen scroll down to Investment and Savings.
5. Click on the drop-down arrow if necessary to reveal more options.
6. Click Start/Revisit across from Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B).
7. At the screen Let's import your tax info, you will see the option to Enter a different way.  Select Enter a different way.
8. Then select the type of investment.  Your specific transaction will not be listed, so just select the most appropriate answer.
9. Continue to enter information as prompted.
10. At the screen Now, choose how to enter your sales, you probably want to select the option that will allows for manual entry.  
11. On the screen where you can enter your Altaba information, you will enter, among other things, your cost basis.  Your original cost basis has likely changed given the company's dissolution.  Thus, you may need to reduce your original cost basis as described in the previous post.  

Keep your documents evidencing Altaba's dissolution and how you arrived at your adjusted cost basis.  

@tlzhu 

We need to edit our previous response.  It appears that you may have nothing to report unless the distribution exceeds the basis in your Altaba stock.   Distributions of this type are a return of principal and until the distribution exceeds your basis, you have nothing to report.   Keep your records in order that you can accurately report your basis in the future should you sell your Altaba stock or there is a complete and final liquidation of the company.  

@tlzhu 

[Edited 3/31/2023 | 4:21pm PST]