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’?

#46424
Kaye Thomas
Moderator

Oh, and TurboTax can’t know what to do with this information unless it knows the basis of your shares, and also whether you’ve received your final distribution. I don’t know what they do when you enter this item without any other information. Maybe nothing, or maybe treat it as gain (assuming zero basis until you enter some basis).