I own stock in a company that spun off a portion of the corporation to create a new corporation. I received shares in the new corporation plus some cash for fractional share. Should I have received a 1099B for this transaction?I don't know, but you do need to report the sale of the fractional share on your Schedule D with or without a 1099-B. Since you've been around here since the Flood, I'm sure you've already made your notations about the effect of the spinoff on your purchase confirmation, so coming up with your basis will be a breeze.PhilRule Your Retirement Home Fool
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