Are we certain it is nontaxable? The stock was sold in 2024. (Doesn't that mean that I will never get another distribution like this from this particular stock again?)
Regarding deleting the $6 non-dividend distribution, I meant delete the entry from the tax software (so a warning will not pop up during final review before eFile). But then I read elsewhere that when you SELL, you do have to report that non-dividend distribution AND reduce the cost basis for that stock so the loss or gain is correct. My issue is that it appears that the cost basis was not reduced for me by the brokerage. So my rep said I could do it. The more I research, the more confusing it becomes. 😕
Here is the OP note under this non-dividend distribution. Do you understand it?? Because I do not.
"This dividend was declared in 2023 and paid to you in January 2024. If the fund company elected to partially defer this payment for tax reporting purposes, then a portion of this payment was reported on your 2023 1099-DIV and this amount represents the remaining portion of that payment which is taxable in 2024. If the 2023 declared dividend was fully deferred by the fund company, this amount represents the entire payment that is reportable in 2024." (I reviewed the 2023 1099-DIV. There WAS a $2 non-dividend distribution.) THANK YOU!!!
