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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
2 Replies
gandhkor
New Member

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

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

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