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Investors & landlords
@vannerpham it appears you have the necessary information to input into your return.
You need to input this into the capital gain worksheet which will then flow into form 8949 and Sch D.
As noted for the other poster, if you utilize all your cost basis in 2019, then if you receive additional liquidating distributions in the future, then all will be capital gain as you have no more cost basis.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎February 25, 2020
2:39 PM