I have a 1099-B for a Metlife to Brighthouse spin-off Distribution. The information on the form do not match the mandatory fields of TurboTax. How do I fill this in.
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

I have a 1099-B for a Metlife to Brighthouse spin-off Distribution. The information on the form do not match the mandatory fields of TurboTax. How do I fill this in.

1a  X               0.545455 Shares Sold @ 58.71 Brighthouse Financials

1c 10 Aug 2017

1d 32.02

4 0.00 

5 X

That's it. Please help me fill in the mandatory fields.

1 Reply
New Member

I have a 1099-B for a Metlife to Brighthouse spin-off Distribution. The information on the form do not match the mandatory fields of TurboTax. How do I fill this in.

So, it sound like this was a sale of fractional shares.  #of shares sold is .545455, date of sale would be 08/10/2017, proceeds of $32.02.

Date of purchase would be the date you originally bought the MetLife stock.  The cost basis would be a fairly complex calculation, but since it's such a small amount, you could just use zero and preserve all your original cost basis for when you sell the stock you received.

Dynamic Ads
v
Privacy Settings