1099 DIV

Forum|Forum|5 years ago
April 12, 2021
3 replies
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CLIENT HAS BOX 9 AMOUNT

WHERE DO I PUT IT?

Lacerte Tax

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IRonMaN

Level 15

Schedule D

Slava Ukraini!

George4Tacks

Level 15

Box 9. Cash Liquidation Distributions
Enter cash distributed as part of a liquidation.

A corporation has dissolved and this is what you got for it . That becomes the sales price for the shares held in that corporation. Enter the sales date. Enter the client basis in those shares and date the shares were acquired. VOILA! you now have a sale of a security with long or short term gain or loss. Hmm? Sort of like selling shares of stock in the market, but different.

This may help to clarify https://www.fortenberrylaw.com/distributions-s-corporations/

Answers are easy. Questions are hard!