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Enter taxable liquidating distributions

To track liquidating distributions from a 1099-DIV, access the
Record of nondividend and liquidating distributions
 window on the
Info
 screen in the
General
 folder. Enter amounts from boxes 9 or 10.
Do the following to enter taxable liquidating distributions:
  1. In the
    Income
     folder, open the
    B&D
     screen or the
    Broker
     screen. Only use the
    Broker
     screen if you're entering a consolidated 1099.
  2. Open the
    Schedule for detail
     statement window and enter the following:
    1. Quantity sold
      ,
      Stock/Other Symbol
      , or
      Desc
      : Use these fields to describe the distribution. They’ll combine into 1 field on the 8949.
    2. Date Acq'd or Date Sold
      : Enter purchase and date sold in MMDDYY format.
    3. Sales Price
      : Enter the total sales price of the liquidating distributions.
    4. Cost/Basis
      : Enter the original cost or basis of the liquidating distributions.
    5. Gain-Loss
      : The gain or loss for the sale automatically calculates based on the
      Sales Price
      ,
      Cost/Basis
      , and
      Adj to G/L
       entered.
  3. For skipped fields, complete them as needed for your client.
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