DavidD66
Expert Alumni

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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