TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 2

Question

How do I enter a REIT liquidation loss?

Forum|Forum|7 years ago
June 6, 2019
1 reply
0 views

I received a 1099-DIV for a REIT that was liquidated during last year. The REIT's website provided a calculator to determine the 2017 Taxable Gain (Loss). In this case, it was a significant loss. Where/how do I input the loss into TurboTax (Premier)?

TurboTax Premier Windows

A

Anonymous

Report the loss in the Stocks, Mutual Funds, Bonds and Other interview under Federal Tax > Wages and Income > Investment Income (enter "jump to 1099b" in the Search Box).

Even though you got a 1099-DIV, enter the liquidation as if was reported on a Form 1099-B.

The "Sales Price" for the 1099-B entry will be the amount shown in Box 8 of the 1099-DIV (Cash Liquidation Distribution). Refer to the REIT's website for the rest of the information to complete the 1099-B interview.