I I have a 1099-B showing a "final bankruptcy payo...
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heartbeat2m8
New Member

I I have a 1099-B showing a "final bankruptcy payout" showing selling 7.7989 shares at .21 per share or $1.64

 
2 Replies
ThomasM125
Employee Tax Expert

I I have a 1099-B showing a "final bankruptcy payout" showing selling 7.7989 shares at .21 per share or $1.64

Follow these steps to enter the form 1099-B in TurboTax:

  1. Income and expenses
  2. Investment income
  3. Stocks, Mutual Funds, Bonds, Other
  4. Follow the prompts to enter your form 1099-B information
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heartbeat2m8
New Member

I I have a 1099-B showing a "final bankruptcy payout" showing selling 7.7989 shares at .21 per share or $1.64

My problem is that it shows no cost basis. I'm also not exactly sure what it's for. It is a settlement from a Bankrupcy from a company that closed up over 25 years ago.  No matter what I do it always comes back on Turbo Tax that it needs attention.  All this for $ 1.64.

Thanks for your help and consideration.

Dave

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