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posted Mar 22, 2024 9:01:23 AM

Where do I report a mutual fund liquidation check?

I received a check in the mail after a mutual fund was liquidated.   Where do I report this on Turbo Tax?

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1 Replies
Level 10
Mar 23, 2024 7:25:13 AM

I would think that would be considered a sale and that you would have a gotten a 1099-B. You would enter it in the sale of mutual fund/stock section. I'm assuming it was a full liquidation and not partial. This does happen occasionally when a fund shuts down.

 

If this was from a REIT (real estate investment trust) it might be more complicated. There are special rules about that, I think. See e.g. https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/got-1099-div-but-also-need-to-enter-cost-basis/00/2983220/amp

 

See if this prior answer helps. https://ttlc.intuit.com/community/retirement/discussion/how-should-i-report-a-cash-liquidation-distribution-when-no-1099-b-is-reported-to-the-irs/00/2552037