best single parent dating website - Liquidating distribution tax treatment
If you bought more than one block of stock, you will need to figure it out based on the instructions provided.
If there is no capital gain or loss (distribution and basis the same), you do not need to report it but you may choose to, by listing it on Schedule D with no gain or loss.
Please see page 22 in the following publication under "liquidating distributions": distribution is from several companies, but I can't find the names.
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On Schedule D: Description of Property – Various Dates Acquired, Sold. Sales Price and Cost OR Other Basis, both entries could have the amount of distribution. You could put "various" under date purchased, and use the liquidation date as the sold date. And if you are sure that this is a total return of capital, then put the same amount as basis and proceeds as what is listed in box 8 of your 1099DIV. I would proceed as described in the publication under "stock acquired at different times".
This is only a partial return of capital reducing the cost basis, but the companies are not liquidating, and maybe that I could enter “Various” for the Date Sold also. If you are sure that it is all return of capital, then proceed as you have mentioned, but I would not use "various" for date sold.
I would use the date that the liquidation was done.
Does Cash Liquidation Distribution in BOX 8 of 1099-DIV have to be reported?
This is the first time I have received a 1099-DIV with an entry in BOX 8. I understand that this is a partial return of capital, only reducing the cash basis of the sock, and could be there for informational purposes only. Thank you for giving me the opportunity to assist you.
I will give the best answer that I can with the information provided.
Publication 550 describes the tax treatment of this type of distribution.
How you treat it depends upon whether this is a total payment or liquidation, or if it is part of an installment.
Basically, the distribution is not taxable up to the recovery of your basis in the stock.Tags: Adult Dating, affair dating, sex dating