fhermance
Level 2
 
0 Cheers
IRonMaN
Level 15

Schedule D


Slava Ukraini!
fhermance
Level 2

The basis was not reported to me or whether it was long term or short term - how do I handle this on schedule D?

0 Cheers
IRonMaN
Level 15

Ask the client or their finance dude or dudess for the basis information.  This is a liquidating dividend, not a sale, so there is a good chance you have no gain or loss on the transaction.


Slava Ukraini!

View solution in original post

fhermance
Level 2

Thanks

IRonMaN
Level 15

You betcha!


Slava Ukraini!
0 Cheers