Here is where you would make this Entry:
Proceeds from cash liquidation distributions are reported on
Form 1099-DIV. There should be an option on the Div entry screen that
your 1099-Div has info in more than these boxes . click that and fill
in the box amount for box 8 for the amount reported.
Then to the extent that the amount of distribution that is in
excess of the recipient's original investment is taxable. The gain is
then reported on schedule D. You would do that as if you received a
1099-B. So in search box type 1099-B and select jump to and it will get
you to the investment sales section. This is only reported to the
extent the amount is greater than your cost basis!!!!!!!!!!!!
In most cases this is unreported on Schedule D.... normally your basis is greater.
The the amount is just a reduction in your cost basis. You would
only recognize gains only if it fully reduced your basis below 0.
I hope this helps!
