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genepsych
New Member

was in fund, lmited partner, it ended in 2019. Regular payments and then regular payments for original amount. Did not sell, it was liquidated. Turbo tax wants selling price, etc. Help

 
1 Reply
DavidD66
Expert Alumni

was in fund, lmited partner, it ended in 2019. Regular payments and then regular payments for original amount. Did not sell, it was liquidated. Turbo tax wants selling price, etc. Help

Treat the liquidation as if it was a sale.  If they returned the amount you invested, and your basis didn't change, your cost basis and sales price will be the same and the gain/loss will be $0.00.

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