Thanks.
I'm OK with the accounting. The question is how to enter the disposition in TT. The two choices are a taxable or non-taxable event, and if you look at the worksheet, non-taxable is equated with a gift.
Since the IRS guidelines are that a distribution of stock shares to members in the dissolution of a stock club does not constitute a taxable event (share basis is adjusted up or down based on relative member and partnership bases) it's less than optimal to note this as a taxable event, albeit with 0 gain/loss.
I know it's only internal to TT, but I would like to align this entry as much as possible with the actual rules.
Thanks,
Harold
