I also have the same issue with a total liquidation of an ETF reported as a Cash Liquid Distribution on line 9 of my 1099 DIV. I recognize that Turbo Tax isn't calculating a Tax for this. Also, I received a message that Turbo Tax would handle this later, but it never came up. The transaction did not appear on my 1099-B; however I do have the cost basis which is less than the cash distribution suggesting a long-term capital gain and possibly a tax liability. I don't see any article in this thread or info in PUB 550 that clearly resolves or answers these questions - how does one handle a total cash liquid distribution reported on a 1099-DIV (Not a 1099-B) that has a cost basis less than the cash distribution? Forget about it or report is as if one had a 1099B?
