How do I enter on TurboTax the $16.01 reported on Form 1099-B, box 1d, for cash-in-lieu for fractional share in a stock swap?

[KennethB · Accepted solution]

Form 1099-B (Proceeds from Broker and Barter Exchange Transactions) reports the sale of stocks, bonds, mutual funds, and other securities.

Here's where you enter or import your 1099-B in TurboTax:
1. Open (continue) your return if it's not already open.
2. In TurboTax, search for "1099-B" or "1099B" (lower-case also works) and then select the "Jump to" link in the 
    search results.
3. Answer "Yes" to Did you sell any investments in 2017? 
            -If you see Here's the investment sales info we have so far, select Add More Sales.
            -If you're in Free Edition or Online Deluxe, follow the instructions to upgrade to Premier.
4. Answer "Yes" to Did you get a 1099-B or brokerage statement for these sales?
5. At Choose your bank or brokerage or Let Us Enter Your Investment Sale Info, choose how you want to enter your 
    1099-B (import or type it in yourself).
6. Follow the onscreen instructions.

If you do not have all of the information necessary, you should contact the issuer of the form and request the information, such as the basis

[humace]

How you enter Cash in Lieu from a spinoff in TT?

[DianeW777]

How to Report Cash in Lieu of Fractional Shares

1. The IRS considers cash for a fractional share to be money received as the result of a stock sale.
2. This transaction must be reported on IRS tax form Schedule D Capital Gains and Losses. 
3. The date of the sale (when cash was received) and the date of the original stock purchase is needed to complete the tax form.

Tax Basis Example:  Assume a shareholder has an aggregate $100 basis in 50 shares of ABC stock ($2 per share), and the fair market value of one share of ABC stock is $66.65. Following the ABC Merger, the shareholder should have an aggregate $100 basis in 64.1 shares of ABC stock (50 shares x 1.2820, or $1.56 per share), and should be treated as having sold 0.1 shares of ABC stock with a tax basis of $0.156 ($1.56 x 0.1 shares) for $6.67 ($66.65 per share fair market value x 0.1 fractional shares).

Once you have your information you will complete the entry in TurboTax using the following steps.

1. Open (continue) your return if it isn't already open.
2. In TurboTax, search (upper right) > Type 1099B  Press enter > Click the Jump to link 
3. Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2025?
   • If you see Here's the info we have for these investment sales, select Add More Sales.
4. Answer NO to Did you get a 1099-B or brokerage statement for these sales?  or Select Other sales 

@humace