Solved
Cash received for partial share of stock
My company issues $15 check for partial share in stock from a stock split. Do I need form 8949 to report this?
Well, yes it should be reported and to report it the absolutely "correct way" would mean upgrading to Premier as Premier is the first version up the cost chain that can handle the reporting of sale of securities, which means it prepares Form 8949 and Schedule D based on your input of the sale.
But, for 15 bucks - if this is your only security sale - I might opt to simply report it as "Other income" on line 21 of Form 1040. Your taxable income would be correctly reported and, if anything, you might be "over taxing" yourself if the stock is a long term holding. But "over taxing" yourself on $15 costs you less than upgrading.
Tom Young
Get answers to all your tax questions
Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.
Explore your optionsEnter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2026 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, Credit Karma, and Mailchimp are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.
Security Certification of the TurboTax Online application has been performed by C-Level Security.
By accessing and using this page you agree to the Terms of Use.
© 2026 Intuit Canada ULC or its affiliated companies. All rights reserved. Intuit, QuickBooks, QB, TurboTax and ProFile are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.
Copyright © Intuit Canada ULC, 2026. All rights reserved.
© 2026, Entreprises Intuit Canada ULC ou ses sociétés affiliées. Tous droits réservés. Intuit, QuickBooks, QB, TurboImpôt et ProFile sont des marques déposées d’Intuit Inc. Les modalités, prix, fonctions et options de service et de soutien peuvent changer sans préavis.
© 2026, Entreprises Intuit Canada ULC. Tous droits réservés.