Turbo tax is asking me to enter the cost or other basis for an amount reported as cash in lieu of fractional shares. Can anyone help?
I imported all of my investment forms from my broker. Turbo Tax entered info from my 1099-B as follows:
box 1a (description): 0.500 Organon & Co
box 1c (date sold): 06/03/2021
box 1b (date acquired) is not filled in
box 1d (sale proceeds): 14.91
box 1e (cost or other basis) is what it is asking from me
sale category is currently checked as box E (long term noncovered)
From my broker:
Organon was a spin-off of Merck. The amount reported on the 1099 is the Cash In Lieu of fractional shares. We do not have your original Merck cost basis on file.
So, again, my question is how to fill in box 1e (cost or other basis). My broker sent me an article, but it only confused me more. Same is true for the questions/answers I found on this site as well as others.
Thanks in advance for your help!
