ProConnect HelpIntuit HelpIntuit

Entering a 1099-DIV cash or noncash liquidation distributions in ProConnect Tax

SOLVEDby Intuit14Updated January 05, 2024

Follow these steps to enter 1099-DIV cash or noncash liquidation distributions in the program:

  1. Go to Input Return Income Dispositions (Sch D, etc.).
  2. Select Schedule D/4797/etc.
  3. In the Quick Entry grid, select Details to expand.
  4. Under Dispositions (Sch D, etc.), enter the Description of Property.
  5. Enter the date of the basis investment in the Date acquired (negative date=various) field.
  6. Enter the date the corporation was liquidated in the Date sold (negative date=various) field.
  7. In the Sales price field, enter the amount reported in box 9 or 10 of the 1099-DIV.
  8. Enter the known basis amount in the Cost or other basis (do not reduce by depreciation) field.

Related topics

Was this helpful?

You must sign in to vote, reply, or post
ProConnect Tax

Sign in for the best experience

Ask questions, get answers, and join our large community of Intuit Accountants users.

Dynamic AdsDynamic Ads