topic 1099 tax form w/cash in lieu (CIL) trade under $20 is in Supplemental Section Not Reported to IRS. CIL sale doesn't show in 1099-B section. Should I report it to the IRS? in Retirement tax questions

1099 tax form w/cash in lieu (CIL) trade under $20 is in Supplemental Section Not Reported to IRS. CIL sale doesn't show in 1099-B section. Should I report it to the IRS?

v scar — Tue, 03 Feb 2026 16:47:49 GMT

Re: 1099 tax form w/cash in lieu (CIL) trade under $20 is in Supplemental Section Not Reported to...

DavidD66 — Wed, 05 Mar 2025 05:00:09 GMT

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.

Re: 1099 tax form w/cash in lieu (CIL) trade under $20 is in Supplemental Section Not Reported to...

v scar — Sat, 08 Mar 2025 18:57:35 GMT

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:

Long-term basis not reported to IRS (uncovered)
Long-term did not receive 1099-B form
Unknown term not reported to IRS

These CIL transactions were on my Schwab 1099 tax form in the supplemental section not reported to IRS.

Thank you very much!