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Investors & landlords
Appreciate the help. I do know my original purchase price. After reading IRS Publication 550 on Nondividend Distributions, I understand that it reduces my cost basis as you say. I cannot find any evidence anywhere after lots of Googling that I can actually claim the loss of my new (barely) reduced cost basis since it was a dissolution and not a liquidation. My reading indicates that if it had been reported in Box 9 as Cash Liquidation Distribution that I could claim the capital loss. No 1099-B received, and I see going through the form I can choose "no 1099-B received". I'm a bit nervous about creating the 1099-B when I cannot find evidence that I can claim the loss in the case of dissolution, though it does seem that I should be able to. Just haven't dealt with dissolution before and not sure of the IRS rules. How confident are you?