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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?
May 31, 2019
10:10 PM