JohnB5677
Expert Alumni

Get your taxes done using TurboTax

A liquidating distribution is not taxable until you recover the basis of your stock. After that has been reduced to zero, you must report the liquidating distribution as a capital gain. Whether you report the gain as a long-term or short-term capital gain depends on how long you have held the stock.

 

You have posted the 1099-DIV correctly.  If this is the final liquidation you can determine if you've had a gain ir a loss.  If it is not a final liquidation and you have not exceeded what you paid for the stock you don't have to report anything further.

 

 

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