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Own YUM Brand Inc and received 9 shares from spinoff of YUM China Holding Inc as of 10/31/2016 do these shares get listed as 1099-DIV? Did not receive a 1099-DIV?
Received a check for a partial share and 1099-DIV and placed in appropriate area but not sure if I need to account for 9 spin-off shares value
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posted
June 5, 2019
10:51 PM
last updated
June 05, 2019
10:51 PM


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Own YUM Brand Inc and received 9 shares from spinoff of YUM China Holding Inc as of 10/31/2016 do these shares get listed as 1099-DIV? Did not receive a 1099-DIV?
THIS IS A STOCK DIVIDEND AND YOU SHOULD GET A 1099 DIV
June 5, 2019
10:51 PM
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Own YUM Brand Inc and received 9 shares from spinoff of YUM China Holding Inc as of 10/31/2016 do these shares get listed as 1099-DIV? Did not receive a 1099-DIV?
@tony.putre
This was not a dividend, it was a regular spin off, so you're not getting a 1099-DIV.
You allocate your original basis in YUM Brands as: 69.85% to YUM Brands and 30.15% to YUM China, and that's it.
Tom Young
June 5, 2019
10:51 PM
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