Mississippi Authorize Sale of fractional shares
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How to fill out Authorize Sale Of Fractional Shares?
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FAQ
Investors who receive dividends from their fractional shares are also subject to taxes on these earnings. Qualified dividends, which are typically paid by U.S. corporations and some foreign corporations, are taxed at the long-term capital gains rate.
Fractional share cannot be acquired or liquidated from the market. When liquidating an entire equity position, any remaining fractional share positions will be automatically sold at the same price as the full share order on the settlement day after the execution.
To accurately report your cash in lieu payment, you'll need the Form 1099-B, your original cost basis, the date you purchased the stock, the date of the stock split or other corporate action, and the reason why you received the cash in lieu of fractional shares.
Report this transaction on Form 8949. Enter your gain or loss, the difference between the cash you receive and the basis of the fractional shares sold, in column (h) of Schedule D (Form 1040) in Part I or Part II, whichever is appropriate."