☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Feb 24, 2020 8:06:12 PM

Stock Litigation Settlement - No 1099-B or 1099-MISC Forms

Hi,

 

I received a stock litigation settlement in 2019 of $12.34 for a stock I owned/sold years ago, but there was no associated 1099-B or 1099-MISC statement.  I know how to file taxes when there is a 1099-B or MISC, but in this case there aren't any plus I already sold the stock years ago.  Is this something I need to include in my IRS 2019 tax filing or just disregard?  Any ideas or comments are appreciated - thanks.

0 2 856
2 Replies
Expert Alumni
Feb 24, 2020 8:27:31 PM

You report it in the stock sale section, like you do the form 1099-B. You will be asked if you received a form 1099-B, to which you answer no and you can then put in the stock sale proceeds.

 

 

Level 1
Feb 25, 2020 7:49:56 PM

Hi,

 

Thank you so much for the response.  I was able to update my TurboTax filing, and the appropriate entries were made on the Schedule D and 8949 forms.  Thanks again!