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Level 2
May 6, 2021
Question

where to report form 1099-DIV Box 10 noncash distributions

  • May 6, 2021
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Intuit Community Champion
May 6, 2021

 Non-Cash Liquidation Distributions which represents the assets other than cash that the investor/taxpayer received upon liquidation of all or part of the underlying entity. Generally the distribution of these assets to an investor is considered a return of the cost or basis in the investment. Such distributions will reduce the basis in the investment, and if the total distribution exceeds the cost basis in the investment, the excess would be treated as capital gain transaction.