Mutual fund legal settlement distribution shows up on 1099B, where to report this?

[richard's_tax]

I contacted settlement firm and was told they didn’t report such small sums ($11) on the 1099s they provided brokers as a result of this swettlement.  I don’t think its a cash in lieu of fractional shares.  No sales transaction occurred.

[KittyM · Accepted solution]

You can report this amount as Other Income.  To do this in TurboTax, 

• In your Federal return, choose the tab for Wages & Income
• Scroll down to Less Common Income (you may have to click Add more income and See more income to view this topic) and Show more
• Start/Revisit Miscellaneous Income and choose Other reportable income 
• Say Yes to continue to the screen Other Taxable Income. Enter your item description and the amount.