Mike20201
Returning Member

Get your taxes done using TurboTax

To comply with IRS rule and be transparent about it.  The system revision should be.

1.  Did you receive a 1099-B?

2. Is this a complete liquidation?

3.  Cost of Investment and liquidation Proceed.

4.  Then difference (lost or gain) should transfer to Form 1040.

 

Although I believe the question "did you receive 1099B" is irrelevant" because cash and non cash liquidation is already reported in 1099-Div.

Just my opinion from a taxpayer not an expert.