Yes, you can enter this type of transaction in TurboTax Home & Business. Here's how to do it:
- Open your return.
- Select the Personal tab, then Personal Income.
- Select I'll choose what I work on the right.
- Select Start or Update to the right of Stocks, Cryptocurrency, Bonds, Mutual Funds, Other.
- Answer the first question Yes, or if you already sales here select Add more sales.
- Select the Other tile, then Continue.
- Enter the information on the next few screens according to your situation.
- Enter Liquidation distribution as the name, then select Continue.
- For type, select Stock, unless one of the other descriptors is more accurate.
- Answer the rest of the questions on the screen according to your situation, then select Continue.
- Select None of these apply, then Continue.
- Answer the last question based on the length of ownership.
This will create a Form 8949 and Schedule D. The transaction will show as either C, or F, depending on how long you owned the asset before the liquidation.
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