JimSi
New Member

Where do I report a spinoff distribution representing $48.03 which is Cash-In-Lieu of fractional shares. If I acquired the original shares in 2009 is any gain "long term"

Brighthouse Financial shares and cash-in-lieu of shares were issued to Metlife stockholders on August 7, 2017. I acquired the original shares of Metlife in 2009. The Brighthouse shares represent 10.36% of the cost basis. Would I need to include Schedule D and Form 8949 if the net profit on the fractional share is only $19 ?