Reporting Fractional Share Losses and Gains

blarg
blarg Member Posts: 2 Newcomer
edited April 1 in Filing my taxes

Federal tax return question…

It appears that three total stock splits (two regular and one reverse across three different stocks) resulted in long-term losses totaling a little more than $60.

My brokerage fund issued no 1099-B for these events (which were my only stock "sales" of the year).

Apparently, I need to cajole FreeTaxUSA into producing a Form 8849. So what options do I select to report this overall loss via FreeTaxUSA?

Stock sales —> I didn't receive a 1099-B or substitute statement —> etc.?

Thanks for the help.

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Answers

  • WrenD
    WrenD FreeTaxUSA Agent Posts: 22

    Hello blarg,

    You are correct! You can still enter it as a stock sale (1099-B), but you will select "I didn't receive Form 1099-B" when asked if the basis was reported to the IRS. This will properly report the losses, including on Form 8949.

  • blarg
    blarg Member Posts: 2 Newcomer

    I really appreciate your help! Thanks!

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