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"If this liquidation is a final distribution from the company, you need to report a sale of the stock on Schedule D."- from JulieS
But, I don't think it is a final distribution though, as I still have the same number of shares as before. However, the cash liquidations of the former Yahoo stock are more than the initial cost basis, so with each subsequent cash liquidation it is considered a capital gain. Would I still report it as if it was sold even though no shares were sold?
The instructions from @JulieS for the schedule D would imply that I sold the shares, but I haven't yet. So is there a different way to report the gains from the cash liquidation without exchange of shares.
March 14, 2023
3:03 PM