Anonymous
Not applicable

Non Dividend Tax distribution

I received Dividend from a C cooperation but they list it as 100% Return of Captial. I got from from 8937 from their IR website.

How to report this non dividend distribution? I am assuming this is reportable but not taxable as I have reduce my basis ( I have NOT sold investment ).

 

Q. I live in TN and TN Hall income tax, taxes dividend and distributions. Are these taxable for state taxes?