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April 23, 2021
Question

How to report the "Payment in Lieu" Income from broker lending stock program

  • April 23, 2021
  • 0 replies
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I received a Payment in Lieu for stocks that my broker loans out.  This is not reported on the 1099's but rather included as a last line item Payment in Lieu with a footnote saying this information was not reported to the IRS.  So how do I report this to the IRS?   I don't think I know which stocks it is associated with.