GeorgeM777
Expert Alumni

Investors & landlords

No, your initial post was correct.  A liquidation can be a taxable event for a corporation and its shareholders.  

 

You probably will have to report the liquidation as a capital gain/loss.  If the liquidating distribution shown in Box 9 or 10 of your 1099-DIV is a complete liquidation, then report the amount in Box 9 or 10 on the stock sale screen as a stock sale.  You will report it in the Investment Income section under Stocks, Mutual Funds, Bonds and Other.

 

@csommers

 

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