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Ask the client or their finance dude or dudess for the basis information. This is a liquidating dividend, not a sale, so there is a good chance you have no gain or loss on the transaction.
Schedule D
The basis was not reported to me or whether it was long term or short term - how do I handle this on schedule D?
Ask the client or their finance dude or dudess for the basis information. This is a liquidating dividend, not a sale, so there is a good chance you have no gain or loss on the transaction.
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