- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
‎April 5, 2020
9:33 AM