Hello,

I bought the stock of a company that I worked for in 2000 and I bought 42 shares. The stock split twice in 2001 and I ended up with 168 shares. It’s in a non-retirement brokerage account and I have left it there ever since and just have received quarterly cash dividends. The company was bought by Moorgan Stanley as of 01/01/2021 and in April 2021 MS gave me 1/2 of a share of MS for every share I owned of my former company plus $30 in cash per share. So, I ended up with 84 shares of MS and I got a check for $4500 in April 2021.

I see that my cost basis has been updated at the transfer agent for MS showing my initial lot from 2000 and I got a 1099 for the 2021 dividends I received from the MS stock however I was thinking I would also get a 1099 for the cash payment of $4500 that I received in April. Is this not the case?

Any help would be greatly appreciated.

Thank you.