Thanks to ThomasM125 for the step by step instructions and DaveF1006 for your reply. I have one last question. Here's the scenario:
I did not recover all my cost basis as of tax year 2020. Instead, my cost basis was reduced to $468.84 after receiving cash distribution twice (in 2019 and 2020).
I received the third cash distribution of $1,477.30 at the end of tax year 2021. This time it exceeds the remaining cost basis. So there is a long term gain of $1,008.46 ($1,477.30 - $468.84 remaining cost basis).
As I'm preparing my 2021 taxes, how should I report this? Do I report Proceeds of $1008.46 and cost basis $0 on the Schedule D?
