Reporting Fractional Share Losses and Gains

blarg
blarg Member Posts: 2 Newcomer
edited March 10 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.

Tagged:

Answers

  • WrenD
    WrenD FreeTaxUSA Agent Posts: 15

    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!

Categories