You said:
If your stock basis is higher than the liquidating distribution, then you still need to report it, however, just show the liquidating distribution and basis as the same number which will result in no gain or loss. You still need to report to avoid a matching notice.
I received cash liquidation distribution from AABA last year. My initial cash distribution is a couple of thousand less than my basis. It is a loss as of now.
After entering my 1099-DIV (TD Ameritrade), TurboTax says: "We'll handle your cash liquidation distribution from TD Ameritrade later. Just remember to go to Investment Income section under Wages & Income."
TT does not bring up the subject again. How do I report it?
