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Get your taxes done using TurboTax
The TT screen titled "We'll handle your cash liquidation distribution of $___ from Schwab later" says "Just remember to go to the Investment Income section under Wages & Income." Very unhelpful, in my opinion. I guess it means we have to "Visit All" in the Investment Income category when we get to the "Your 2017 Income Summary" screen. Why doesn't TT take us there automatically? I think this is very poor coverage of an important topic that applies to lots of taxpayers. I received a final liquidation distribution from a money market fund, and have little idea how to account for it in TT.
‎June 4, 2019
12:46 PM