I entered cash liquidation distributions from1099-DIV Box 9. "We'll handle your this later. Go to Investment Income under Wages & Income." But where, exactly?

[jpmac88]

Where enter cash liquidation distributions from 1099-DIV Box 9?

[DaveF1006 · Accepted solution]

You will enter this in your 1099 DIV entry.

• Go to Federal>Wages and Income
• Investment and Savings if using online or Interest and Dividends if using the desktop program
• Choose Dividends 1099DIV
• When you are in the Dividend screen, check the box that is labeled My form has info in other boxes (this is uncommon).
• Now, Box 9 will appear, allowing you to enter the information.

[jpmac88]

Thank you, Dave, for taking the time to reply, I appreciate it.

Just FYI, I'm using the online version after using the desktop version for many years.

I followed your steps exactly and entered the 1099-DIV.  The info I had entered prior to asking my question was still there, including the box 9 info.  So, I was confident I was on the correct path. 

However, once I continued, I got the same message as before:

      We'll handle your cash liquidation distributions from Sxxxx LLC later.  

     Just remember to go to the Investment Income section under Wages & Income.  

     Keep in mind that your cash liquidation distributions may impact the basis of your stock or it may be taxable.

So, as directed, I went to the Investment Income section under Wages & Income - which is precisely where I started based upon your directions.  I went back into the 1099-DIV I had entered and the data was still there.  And again, as I continued, I received the message that "we'll handle this later."  It's just a loop.

Eventually, I completed all my entries and got to the end where TurboTax reviews anything that might need checked.  I was not prompted to check out this cash liquidation distribution any further.  

So, is this "we'll handle this later" message correct?  Is there something else I need to do to ensure this is accurately reported?

Again, THANK YOU, Dave!

[RobertB4444 · Accepted solution]

The message was to let you know that if it was necessary the system would route you around to match up the liquidation distributions with the stock being sold but in your case that wasn't necessary.  You should be all good.

[jpmac88]

THANK YOU! That's a relief.  I appreciate the help.