This answer is not helpful.  There doesn't appear to Turbo Tax support for for 1099-cap.

Using Schedule D directly???

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@bhmorris wrote:

This answer is not helpful.  There doesn't appear to Turbo Tax support for for 1099-cap.

Using Schedule D directly???

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TurboTax does not support Form 1099-CAP, Changes in Corporate Control and Capital Structure

The answer is in IRS publication 550 on page 65

From the form itself :   https://www.irs.gov/pub/irs-access/f1099cap_accessible.pdf

This form is not entered directly into the program ... if you have a taxable gain then you must make an entry once you have calculated the gain if any ...  review pub 550.

Instructions for Shareholder
A corporation in which you own stock that has had a
change in control or a substantial change in capital
structure must send you this statement by January 31 of
the year following the calendar year of the change. You
have received this statement because the corporation
has reasonably determined that you may be required to
recognize gain from the receipt of cash, stock, or other
property that was exchanged for the corporation’s
stock. Report any gain from the exchange on Form
8949. However, you cannot claim a (loss) on Form 8949
as a result of this exchange. See chapter 4 of Pub. 550
for additional information.