davetodd11
Level 5
03-05-2024
01:21 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I don't understand what Intuit's logic was when they designed the Dividend Income Worksheet in Form 1040, but I wish they'd done in a logical manner, like in the 1041.
I have looked through this worksheet several times, and see nothing referencing either 'Box 9' or 'Cash Liquidation Distributions'. Where can these be entered?
I have looked through this worksheet several times, and see nothing referencing either 'Box 9' or 'Cash Liquidation Distributions'. Where can these be entered?
Labels
BobKamman
Level 15
03-05-2024
01:24 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Those are as rare as hen's teeth. Without looking it up, I think you just reduce basis in the stock until it goes below zero, or is fully liquidated. Then use Schedule D. I think I remember a Merrill Lynch 1099-B doing that once.
ljr
Level 8
03-06-2024
06:16 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
it doesn't get input anywhere - you or the client need to keep track or it and it goes to schedule D once it goes below zero basis for the loss
