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Yes, you have to report a liquidation distribution as a sale, and you will need to know your basis. For a liquidation of stock, you should be able to get it from your broker. Follow this link for more about basis.
You can enter this type of transaction in TurboTax. Here's how to do it:
This will create a Form 8949 on your tax return and Schedule D. The transaction will show as either C, or F, depending on how long you owned the asset before the liquidation.
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