What was the name of the company that issued you a fractional share? Sometimes when companies issue shares to shareholders after a spinoff of assets, including cash in lieu of fractional shares, they will issue guidance to their shareholders regarding how to calculate basis in light of the spinoff. If you can provide us with this information, we may be able to better understand your tax situation.
A DRIP is a direct reinvestment of dividends and is generally done when the company pays dividends which is typically quarterly. When shareholders elect a DRIP, their basis in the underlying stock increases in an amount equal to the dividend that is paid.
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