GeorgeM777
Expert Alumni

Investors & landlords

To follow-up on the previous posts, you won't be creating a 1099-B in TurboTax.  Rather, you will be entering your stock information with a basis that has been reduced as a result of the non-dividend distribution.  Generally, in a dissolution a company is winding up its affairs, and ceasing its business operations with the end result being that it will no longer be a legal entity.   Transactions of this type are entered on Form 8949, and such form will be created when you follow the advice from @ThomasM125.  

 

The IRS instructions for Form 8949 do not require entry of a code when basis has been adjusted pursuant to a non-dividend distribution.  Rather, those instructions provide that you should enter the name of the payer of any taxable non-dividend distribution, and the taxable part of the distribution.  When you enter your information as suggested by @ThomasM125, Form 8949 will be prepared consistent with IRS instructions.  

 

@idjit 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"