Eoption automatically sold my 1 share of UVXY due to reverse split, but I did not receive a 1099B. How should I report?

[tlzhu]

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.

[ThomasM125]

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.