@ckader
"With no sale of stock involved, just capital gains because of basis of zero, does this just get entered as a sale?"
Yes. The distribution is your "proceeds" from the sale and the basis is whatever the basis was just before the distribution was received. You'd use the date of the distribution as the sales date. You'd tell TurboTax that no 1099-B was received and the sale would end up as a Category C or F sale on Form 8949 depending on your holding period.
