@tax23948 based on your additional facts, this makes more sense.
I agree with your conclusion, but keep in mind the share cost basis.
So by way of example, if your total cost basis was 5,000 and you received $3,000 in the liquidating distribution, then for the 1099-DIV your would report the $3,000 for both the sales price and cost, netting to zero.
Then for the 1099-B component, you would have a remaining $2,000 cost basis in determining your gain or loss on this part of the transaction.
If you liquidating distribution was $6,000, then you would have a gain of $1,000 when reporting the liquidating distribution. Then for the 1099-B, your cost basis would be zero and all proceeds taxable.
*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.
