Where are cash liquidation distributions handled (1099DIV Item 9) ? Received a message from turbo tax that it would be "handled later" but there was no prompt.

[kduckles]

It appears the dividends on the 1099Div were captured, but not the distribution.

[JamesG1]

The cash liquidation distribution represents a return of your capital.  In many cases, it is not taxable.  Check your cost basis in the asset.  

A zero as the cost basis would mean that the full amount of the distribution should be taxed as a capital gain.  

If you have a cost basis, adjust the cost basis by the amount of the return of capital.

See also here.