aj485
New Member

Investors & landlords

This answer didn't actually answer the question that was asked.  I would agree that for a stock with an original $100 basis, if an $80 non-dividend distribution is received, then the stock basis gets adjusted down to $20.  But what about if an additional $30 non-dividend distribution is received?  Then your basis is driven down to $0, plus you have a $10 capital gain.  How do you report that capital gain in TurboTax?