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Investors & landlords
You would enter it the same as any other investment sale for which you received a Form 1099-B. I recommend you use "Various" as the acquisition date. Since it is a return of capital, the cost basis and sales proceeds are the same - the amount you received. Use Category/Code E, Long-term Non Covered - Long term sales with cost basis NOT reported to the IRS.
To enter in TurboTax, while logged in and in your return, select "Search" and type in "1099-B", then select "Jump to form 1099-b". TurboTax will guide you through the entry process. I recommend you do not import your 1099-B.
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‎February 27, 2022
3:16 PM