- My liquidating distributions exactly matched my initial paid in capital (net 0). - I filed a 1099-DIV with line 9 populated - I also included the total distributions on the K-1.
Yes, you should include your liquidating distribution on Form 7203.
So in that case, my final basis goes to 0 on 7203 form ?
Thanks David. Does that mean my form 7203 will show a final basis of 0 for the SCORP ?
How does that reconcile to the Schedule D where I am supposed to show the "sale" price and the original basis for my SCORP - i have a $260 regular distriibution and then a $6905 liquidating distribution. My original basis was 6905.