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Investors & landlords
I spoke with someone from the company supplying the document. They said that a 1099-X form cannot be generated from a liquidating trust, but that the "Other Income" should be entered on {Schedule B, Part 1 - Interest}, and that the "Realized Loss on Marketable Securities" should be entered on {Schedule D, Line 12}. He said the other two line items {Fees and Expenses} do not need to be reported. Problem is, I still cannot figure out how to enter that line item on Schedule D, Line 12. I am using Turbo Tax Premier Desktop version. Can anyone help with how to physically navigate to that and enter on that line item?
March 21, 2025
7:32 AM