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’?

#54720
rc77z
Participant

Thanks again. To deal with this correctly, do I have to assemble my full history with the stock, so that once the final distribution occurs I can make accurate determinations of modified cost basis as the latter changed following each distribution up through the last one?

I don’t see how else I could determine ‘cost basis’ for the distribution in 2020 — i.e., without first accounting for all prior distributions that have occurred and their respective effects on the cost basis, going back to that of the original purchase.

(I have the original purchase information — from 12/31/1998 — but not any details of whatever distributions have occurred other than those in 2019 and 2020.)