I had 1 share of UVXY. Due to a reverse split, my broker, eoption, sold the share. In previous years, eoption always issued a 1099B for the transaction. But it did not issue a 1099B for 2021. I contact them and was told that eoption will not issue a 1099B since the transaction is not a sale. How should I report this kind of sale? Do I need to attach a explanation with the sale, and how? Thanks.
I'm not sure of the particulars of the event, but if you sold a share of stock and therefore received proceeds from the sale, you should report it as an investment sale in TurboTax. You don't need a form 1099-B to do this.
Follow these steps to enter your investment sales in TurboTax:
While in the Federal section of TurboTax:
1. Income and Expenses
2. Investment Income
3. Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)
Choose the category of investment you want to enter and follow the instructions to enter your investment sale.