Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
mmitchell4400
New Member

Where can I add additional comments such as an ownership percentage of sales of stock

Where can I put a Non Dividend Distribution which is considered a Return of Capital on my return?
1 Best answer

Accepted Solutions
TomYoung
Level 13

Where can I add additional comments such as an ownership percentage of sales of stock

"Where can I put a Non Dividend Distribution which is considered a Return of Capital on my return?"

You don't put it anywhere on your income tax return.  You record that in your own records as a reduction in your basis of the stock.  If you own this stock with somebody else then you only record your percentage of the return of capital.

You can "nominee off" some part of the income if you own the stock with somebody else.

Tom Young


View solution in original post

1 Reply
TomYoung
Level 13

Where can I add additional comments such as an ownership percentage of sales of stock

"Where can I put a Non Dividend Distribution which is considered a Return of Capital on my return?"

You don't put it anywhere on your income tax return.  You record that in your own records as a reduction in your basis of the stock.  If you own this stock with somebody else then you only record your percentage of the return of capital.

You can "nominee off" some part of the income if you own the stock with somebody else.

Tom Young


View solution in original post

Dynamic AdsDynamic Ads
Privacy Settings
v