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
You'll need to sign in or create an account to connect with an expert.
Typo .... should read 1099DIV
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.
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
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.
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.
Wedding5500
Level 3
Mongoose
New Member
jtaxuser
Level 3
lakemouse2
New Member
lively_soda
Returning Member