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san57
New Member

How to report expired rights?

As a stockholder of a company, I got rights to purchase additional stock, which expired as I did not opt for it. TT imported these transactions from 1099-B.  On 1099-B these transactions are reported as 'Expire' with zero cost basis, zero proceeds and zero gain/loss. TT imported these as 'Sell' transactions and prompting to select investment type. There's no implication on tax but how do I accurately report these as 'Expire' transactions in TT? What should be the investment type?

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1 Reply
ThomasM125
Expert Alumni

How to report expired rights?

You can report it as a stock sale. However, if there is no proceeds or cost basis listed on the 1099-B form, you don't need to report it as there is no income to report.

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