Reply To: Does a “cash liquidation distribution” count as a ‘tax loss sale’?

Home Fairmark Forum Taxation of Investments Does a “cash liquidation distribution” count as a ‘tax loss sale’? Reply To: Does a “cash liquidation distribution” count as a ‘tax loss sale’?

#46232
rc77z
Participant

Thank you. Re: “You can report a loss as of the time of the last distribution…” — by “last” do you mean “most recent” -or- “the final” distribution that Altaba makes — i.e., once there will be no more distributions?

In other words, must one wait until the stock no longer exists to claim a loss?

TurboTax (online) appeared to be aware of this type of income. So I gave it the figure on the 1099-DIV and assumed it knew what to do with it. Was that assuming too much?

(I’m going through the documentation on the “Altaba liquidation” webpage, so apologies if these questions are answered there. So far I haven’t seen that they are.)