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Investors & landlords
My AABA cost basis is more than the first liquidation distribution amount in 2019. I didn’t know, but I already entered that basis in last year’s return and claimed it as a loss.
Does that mean the 2nd liquidation amount from 2020 and any future distribution would all be capital gains with a basis of zero, right?
thanks
May 9, 2021
7:46 PM