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geov
Level 2

Cash Distribution (Line 9) on 1099 DIV

My 104999 DIV Line 9 cash distribution is not directing me to Form 8949 and Schedule D. No place to enter cost basis. Can't manually enter into into Form 8949.

 

Using Turbo Tax Desktop 2025

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4 Replies
geov
Level 2

Cash Distribution (Line 9) on 1099 DIV

Typo .... should read 1099DIV

DianeW777
Employee Tax Expert

Cash Distribution (Line 9) on 1099 DIV

Liquidating distributions, sometimes called liquidating dividends, are distributions you receive during a partial or complete liquidation of a corporation. These distributions are, at least in part, one form of a return of capital. They may be paid in one or more installments.

 

If you have not received all of your contributions back from this investment, you can leave out the amount in Line 9. Keep track of each amount and continue to reduce your cost basis until zero, then all of these type of distributions will be taxable.

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geov
Level 2

Cash Distribution (Line 9) on 1099 DIV

I received all the distributions and they exceed the cost basis. Not seeing where to enter this since gain since Turbo Tax Deluxe Desktop not directing me to Form 8949

 

ThomasM125
Employee Tax Expert

Cash Distribution (Line 9) on 1099 DIV

You need to enter the distribution as a sale of investment. 

 

You enter investment sales in the Wages and Income section of TurboTax, then Investment Income, then Stocks, cryptocurrency, Mutual Funds, Bonds, etc... Skip the section where it asks if you want to upload your tax documents. Choose Other as the type of investment you want to enter. You'll come to a screen where you can enter in your sales proceeds and cost basis. The cost basis will be $0 in your case, since you are just reporting the distribution as taxable capital gain income.


 

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