Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Still need to file? Our experts can get your taxes done right. Get started >
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Showing results for 
Search instead for 
Did you mean: 
Level 2

Micro Focus 2019 Cash Merger Dividend (Return of Value) and Reverse Split

In 2019 Micro Focus issued a Return of Value of about $4.31 per share prior to a reverse split.  Different investment companies are treating it differently on 1099-DIV: qualified dividend; ordinary but not qualified dividends; or nondividend distribution.  Any suggestions on proper reporting?  Thank you.


Return of Value Circular:

1 Reply
Not applicable

Micro Focus 2019 Cash Merger Dividend (Return of Value) and Reverse Split

you may get a corrected 1099. i've gotten 1 in November a month after the filing deadline.

since your talking about $4 list it the way 1099 shows or file an extension and wait to see if you get a corrected 1099.   we have no way of determining the correct reporting.  it's the fund that sends the info to the broker to report  so maybe contact the fund.  but agin your taliking about just $4. 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing
Manage cookies