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Investors & landlords
The non-dividend distribution was from an individual stock owned via a brokerage account. The brokerage account 1099-DIV included the non-dividend distribution in Box 3 and I reported as such when I entered the brokerage account information into Turbotax. There is no option for reporting the excess distribution via the 1099-DIV options in Turbotax that I could find. The IRS instructions for Form 8949 indicate the excess distribution should be reported on Form 8949. I did a test inputting the excess like a sale of the stock with a gain equaling the excess and Turbotax put it on Form 8949. Does this sound correct?
‎February 21, 2023
8:20 AM