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Investors & landlords
This was not a stock sale; It was a cash liquidation distribution and was reported on a 1099-DIV. I still own the stock and there maybe another cash distribution in 2021. The distribution was more than I paid for the original stock (12 years ago) so I have a long term capital gain but can't figure out how to report this in Turbo. The 1099-DIV cash distribution needs to be reduced by the amount I paid for the stock. Where do I report the deduction?
‎February 10, 2020
12:22 PM