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TT does not offer this pull down option in sales info for "Return of capital for fractional shares or cash in lieu" what should I enter ? Purchase ?

Forum|Forum|4 years ago
March 23, 2022
1 reply
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Options include purchase, inheritance, short sale, divorce, gift and demutualization. None of these are correct. Please help ! Tx

TurboTax Premier Online

Best answer by JulieS

You can select "Purchase" because the spinoff was the result of owning the Merck stock, which I assume you purchased.

JohnB5677

Please clarify what information you have.

Is this reported on a 1099-B or a different 1099 form?
What do you have for dates or values?
What boxes are they reported in?

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gdmplc66Author

John - Tx for your reply. My question pertains to Merck's spinoff of Organon. When handling the 1099B I received from the proceeds from broker and barter exchange transactions statement. Turbotax does not offer in the pull down menu an option for that description - "Cash payment of fractional shares in lieu of shares" . TT pulldown menu only offers the options such as purchase, inheritance, divorce, demutualization, and I believe gift. There is no option of "cash payment in lieu of fractional shares", although the TurboTax help does mention that as a option but again, that option doesn't exist in a pulldown menu. So my question again is any thought as to which option to choose based on the ones I just mentioned. Thank you.