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Level 2
posted Jun 5, 2019 3:17:28 PM

Do I have to report "cash in lieu of fractional shares" that I received if the amount is under $20? Computershare says they only report 1099-B for anything over $20

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1 Best answer
Level 15
Jun 5, 2019 3:17:30 PM

It is income regardless of 1099-B being issued and Computershare is Ok in not issuing 1099-B for the small amounts.

So it should still be reported. 

IRS would not send you a notice on this (due to the small amount) unless there was anything else on the return missing and then they would include anything not reported. 

1 Replies
Level 15
Jun 5, 2019 3:17:30 PM

It is income regardless of 1099-B being issued and Computershare is Ok in not issuing 1099-B for the small amounts.

So it should still be reported. 

IRS would not send you a notice on this (due to the small amount) unless there was anything else on the return missing and then they would include anything not reported.