- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Enter a Cost Basis equal to the Sales Proceeds so the return of principal is not taxable.
If that is the only transaction reported on your 1099-B you don't need to enter it in TurboTax.
Click this link for info on Return of Capital.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 30, 2020
3:34 PM