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lis6
Level 2

For the "How did you receive this investment" field, why isn't "Return of capital for fractional shares or cash in lieu" an option?

I am also having this problem and it is not fixed! How you received this investment is a simple question. We shouldn't have to backtrack many many years ago trying to remember where and what original stock it came from. It could be from a split, then from another split and again from another split and so on. So please, fix the drop down menu to include "cash in lieu" and make filing so much easier. A lot of customers are having this same problem. Is it that difficult for the Turbotax team to fix?

For the "How did you receive this investment" field, why isn't "Return of capital for fractional shares or cash in lieu" an option?

Hi! Did you ever get an answer? What did you end up putting on the form. They haven't fixed this yet! I'm having the same problem! 

MarilynG1
Expert Alumni

For the "How did you receive this investment" field, why isn't "Return of capital for fractional shares or cash in lieu" an option?

Enter as s stock sale for stock that was 'purchased', with 'something other than a date', and 'Various'.  Your Cost Basis is the amount you originally paid for the original shares.  If your 1099-B shows a $0 Cost Basis, check the box 'my cost basis is missing or incorrect' and enter the correct basis on the next page. 

 

@mizmode 

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For the "How did you receive this investment" field, why isn't "Return of capital for fractional shares or cash in lieu" an option?

I forgot to say thank you! I’m sorry! Thank you so much! 

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