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Yes, you should report it. I would use "Various" as the acquisition date. I always report cash i lieu transactions with a zero cost basis, but I know others that use the amount of cash of cash received, which results in no gain or loss.
When entering those CIL transactions into the 1099-B what Sale Section should they be placed under?
Below are the options that could possibly apply:
These CIL transactions were on my Schwab 1099 tax form in the supplemental section not reported to IRS.
Thank you very much!
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