Investors & landlords

This appears contrary to what is reported on their website?

In their FAQ's, they specifically state that once the Certificate of Dissolution had been filed, the shares cannot be sold.  However, they indicate the ability to transfer the right to future liquidating distributions.

So not exactly sure what is going on with you based on your stated facts.

Having said that, your situation is no different than what has been stated previously in my responses.  You need to make sure that you don't have any duplication.

So:

1. Step 1 is you need to know your stock cost basis.
2. Once you know your stock basis, you indicate that you received a liquidating distribution first.  You now need to subtract your cost basis from this liquidating distribution amount.  If you still have remaining cost basis in the stock, just report the liquidating distribution as the sales price and the same figure for the cost basis which will result in no gain or loss.  This represents a return of your capital.
3. If your 1099-B truly represents the sale of your shares, then you now report this as your sales proceeds and then the remainder of the cost basis from item 2 above to arrive at your overall gain or loss.
   1. You will have a gain if the proceeds on the 1099-B exceed the revised cost basis
   2. You will have a loss if there is still a remaining cost basis.
4. As recommended in other replies, depending on the $$ you may want to consult with a tax professional to make sure you are reporting these transaction correctly.  These types of situations, with limited information and no one on one consultation, are difficult to address.  Hope this provides some additional direction in your case.