@idjit
A few comments:
- Hopefully you know how much you paid for the stock. This is key; you do appear to know this based on the facts.
- The 1099-DIV reporting in box 3 is only taxable if you received an amount in excess of your stock cost.
- So if the amount on the 1099-DIV does not exceed your stock cost, you do not need to enter it.
- You note that your stock did not go to zero. This means that you have a capital loss.
- You need to take your stock cost, subtract the 1099-DIV amount to arrive at the remaining stock cost basis. This amount represents your capital loss.
- Then for form 8949, you need to enter a zero sales price and the remaining cost basis to arrive at the capital loss for schedule D.
- You would note that you did not receive a form 1099-B; at least that is what your limited facts lead me to believe.
*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.
