where to enter box 9 on form 1099-Div in Pro Series?

Forum|Forum|6 years ago
March 29, 2020
3 replies
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I have a client with a 1099-DIV that has a cash liquidation distribution. I am unable to find a worksheet or place to enter box 9 information. What am I overlooking?

ProSeries Professional

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Best answer by Terry53029

This is usually not taxable or entered on tax return. It is a return of investment, and your client reduces his basis in the investment. If in the event he receives more than his basis, you would report on schedule D capital gain.

T

Terry53029

Answer

Intuit Community Champion

This is usually not taxable or entered on tax return. It is a return of investment, and your client reduces his basis in the investment. If in the event he receives more than his basis, you would report on schedule D capital gain.