Get your taxes done using TurboTax

No, there is not a special section to enter this as a capital gain, you have to enter it in the same way you would if you had sold it. 

 This is how to do that in TurboTax:

1. Open your return and select Federal on the left side menu.
2. Select Wages & Income.
3. Scroll down, or expand the list and find Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto), expand the section and click Start or Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B).
4. Scroll down and select + Add investments.
5. Click Continue.
6. Select Enter a different way, at the bottom. 
7. Select Stocks, Bonds, Mutual Funds (options, index funds, ETFs), click Continue. 
8. Enter the name of the stock or broker, click Continue.
9. Answer the questions about the stock.
10. On the screen Now, choose how to enter your sales, select One by one, click Continue twice.
11. For the first dropdown select Short-term did not receive 1099-B form (owned less than one year) or Long-term did not receive 1099-B form (owned one year or longer).
12. For type of investment, select Stock.
13. For Box 1a - Description, enter Liquidation distribution.
14. Enter the date you acquired the stock or Various and the date of the liquidation (enter 12/31/22, if no date was provide for the liquidation). 
    For Box 1d - Proceeds enter the amount of the liquidation distribution from box 9.
15. For Box 1e - Cost or other basis enter your initial investment.
16. Click Continue, then None of these apply and Continue twice.

 
The excess of the distribution over your basis will show as a gain on Schedule D. Click here to read the IRS instructions on reporting a liquidation distribution.