How do I report a cash distribution liquidation for a loss?

[Scott_N]

I use Charles Schwab as my broker and normally, all my transactions import and I don't have to worry about them - they just flow to the forms.  This year, I had a cash distribution for liquidation from a stock who's company went away.  I have a Cash Distribution in Box 9, but it is a lot lower than my basis.  This transaction did not import with the rest of my trades, and I can't figure out what to do to show the loss.  Where in TT do I input this?

[ThomasM125]

You need to report this as an investment sale in TurboTax.

While in the Federal section of TurboTax, choose: 

  1. Income and Expenses

  2. Investment Income

  3. Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B)

  4. Choose the Other option to enter your investment disposition

  5. Enter the distribution amount as the sales proceeds and your cost basis, date acquired, date sold and any other information requested