graphage
Returning Member

We'll handle your cash liquidation distribution of XXXX later. What to do with this message?

Hello, we received a 1099-DIV for a liquidation.  The boxes that are populated are: 2a & 2b showing the capital gain, and box 9 showing "Cash liquidation distributions".  Using TT Home & Business Desktop, we have answered the 1099 DIV questions and populated the #'s.  After doing so, a message appears stating: "We'll handle your cash liquidation distribution of (XXXX PROPERTY TRUST) later.  Just remember to go to the Investment Income section under Income & Expenses."  

Can someone please advise what (if anything) we are supposed to do?

 

Thank you

DT17
New Member

Get your taxes done using TurboTax

I have the same question.  I think Turbotax can't handle it correctly. 

graphage
Returning Member

Get your taxes done using TurboTax

Anybody know how to handle this?