@Yjsnpi All the corporation reports is the total distribution on the 1099-DIV.
It is at the shareholder level that the gain or loss is determined.
The shareholder will treat this as any other stock investment.
If the liquidating distribution exceeds their stock basis, then there is a gain.
If the liquidating distribution is less than their stock basis, then there is a loss.
This will be reported on form 8949.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
