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Level 6
March 22, 2024
Question

1099-DIV line 9

  • March 22, 2024
  • 2 replies
  • 15 views

Do you know where to input 1099-DIV line 9 Cash Liquidation Distributions in ProSeries Basic ?

Thanks

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2 replies

Camp1040
Level 10
March 22, 2024

You don't do anything with it until the basis in the underlying investment has been recovered.

IRonMaN
Level 15
March 22, 2024

Schedule D and the offset depends on how much the client had invested in the entity being liquated.  It could be a wash or it could be a gain depending on the amount invested.

Slava Ukraini!
Camp1040
Level 10
March 22, 2024

I like your answer better, but any box 9 amounts I have had, have been nominal, so I don't do  anything with it.

 

IRonMaN
Level 15
March 22, 2024

Yeah, it's rare that I ever see anything significant for those things.

Slava Ukraini!