531666
You'll need to sign in or create an account to connect with an expert.
"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
"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
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17549435158
New Member
tianwaifeixian
Level 4
claire-hamilton-aufhammer
New Member
ilenearg
Level 2
Smurfect
New Member