After entering 1099-DIV Box 9 info (liquidating cash div) in the Step by Step, TT prompts "remember to go to Personal Income/Investment Income later". Doing so, the program does not allow me to input info for Form 8949 (Part II, box F - "Long-term transactions not reported to you on Form 1099-B") and will not allow me to create Form 8949 from Schedule D (Part II line 10) because the Form 8949 is supposed to be generated automatically.
TT is not generating Form 8949 automatically.
This is a program bug that needs fixing. Please correct asap and advise.
P.S. My Box 9 liquidating cash div is taxable as my cost basis is $0.
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Yes, you can enter this type of transaction in TurboTax Home & Business. Here's how to do it:
This will create a Form 8949 and Schedule D. The transaction will show as either C, or F, depending on how long you owned the asset before the liquidation.
I followed your steps. TT treated it as if I received a 1099-B (which I did not).
The liquidation distribution is now reflected on my taxes so I assume the IRS won't care that there is no 1099-B in their records for this.
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