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Investors & landlords
This is why this issue has been so difficult to understand! Some folks say I only need to report the (complete) liquidation as a 1099-DIV, nontaxable event, while others say I have to report it as a capital gain/loss.
So I am admittedly still confused!
But if I do report it on Schedule D, do I use the liquidation date for both the Date Sold and Date Acquired for the shares being "repurchased" from the shareholder? Given the share repurchase seems like a short sale from the company's perspective? (i.e, the corporation "sold" the shares to the shareholder years ago, and then upon liquidation of the company in 2022, the corporation is "buying" the shares back, much like a more typical stock short sale).
All advice continues to be welcome
‎February 6, 2023
10:25 AM