topic Re: Schedule D form in Get your taxes done using TurboTax

Re: Schedule D form

cpmxl — Fri, 14 Apr 2023 14:05:19 GMT

I am using TurboTax Deluxe for the first time for filing my 2022 return. I have a 1099--DIV with a liquidating dividend in Box 9. I entered it in TurboTax but I don't see a schedule D or anything that adds it to my 2022 income 1040 SR in the completed 1040 after proving the information on TurboTax.

Why is TurboTax not reporting it?

Thank you.

Re: Schedule D form

AbrahamT — Fri, 14 Apr 2023 16:35:41 GMT

Because liquidating dividends are only taxable if it affects your basis. It is usually issued when when a company is in the process of liquidating and so if they are making a distribution to you, it is in the form of a return of capital and not taxable. However, if it is a distribution in excess of your capital, only then would it be taxable.