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Taxdan3
Returning Member

I have one stock split and ask me to review, which options should I put under Sales info "How did you receive this investment?" Maybe "I purchased it"?

But even I enter "I purchased it", the system just keep ask me to review. Not sure how to fix this issue. thanks!
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5 Replies

I have one stock split and ask me to review, which options should I put under Sales info "How did you receive this investment?" Maybe "I purchased it"?

only SELL transactions are reported on your tax return.

a stock split is not a sell order.

Taxdan3
Returning Member

I have one stock split and ask me to review, which options should I put under Sales info "How did you receive this investment?" Maybe "I purchased it"?

Thanks, @fanfare . "a stock split is not a sell order", you are right! 


But this sales order is automatic input from brokerage tax statement and I noticed it shows "Cash/Lieu", can I remove it so it can finish the "review"?! Thanks for help! 

I have one stock split and ask me to review, which options should I put under Sales info "How did you receive this investment?" Maybe "I purchased it"?

This should be on a 1099-DIV.

What box ?

Taxdan3
Returning Member

I have one stock split and ask me to review, which options should I put under Sales info "How did you receive this investment?" Maybe "I purchased it"?

Hi @fanfare , this stock split is from something after I099-B,  
OTHER TRANSACTIONS - Cost basis not reported to IRS - Form 8949, (X)
ps: some of them are showing under 1099-DIV

 

And this is not a sell order, I am thinking to review it. Thanks again! 

I have one stock split and ask me to review, which options should I put under Sales info "How did you receive this investment?" Maybe "I purchased it"?

It sounds like you had fractional shares of that stock and the broker sold it for you.

Figure your cost basis on one share of the stock and multiply by the fraction of a share you see there.

If it's long term your Box is E if it is short term your box is B

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