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

[tomead64]

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?

[Terry53029 · Accepted solution]

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.

[tomead64]

Thank you, Terry.  Box 9 is the only box with an amount and I did not see an applicable place on schedules B or D for it.

[sjrcpa]

If it is reportable you enter the taxable amount as sales proceeds on Sch D/Form 8949 and -0- basis.