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Where do i repot "Non-dividend distributions?

Do I rrepor "non-dividend distributions on the K-1?

1 Reply
MichaelDC
New Member

Where do i repot "Non-dividend distributions?

A non-dividend distribution is just another way of saying "return of capital."  It is meant for your information only, and that of your brokerage or financial firm.  A non-dividend distribution, you see, is a return of some portion of your original investment; and as such you would need only to reduce the cost basis of your stock, bond, mutual fund, other security, etc.  This adjustment does matter in future tax periods, because it is the difference between basis and net proceeds on which capital gains taxes are applied. 

-TurboTaxGeoffreyG

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