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Entering a 1099-DIV cash or noncash liquidation distributions in ProConnect Tax

SOLVEDby IntuitProConnect Tax13Updated July 14, 2022

Follow these steps to enter 1099-DIV cash or noncash liquidation distributions in the program:

  1. Go to the Input Return tab.
  2. From the left of the screen, select Income and choose Dispositions (Sch D, etc.).
  3. Select Schedule D/4797/etc.
  4. In the Quick Entry grid, click the blue Details button to expand.
  5. Under Dispositions (Sch D, etc.), enter the Description of Property.
  6. Enter the date of the basis investment in the Date acquired (negative date=various) field.
  7. Enter the date the corporation was liquidated in the Date sold (negative date=various) field.
  8. In the Sales price field, enter the amount reported in box 9 or 10 of the 1099-DIV.
  9. Enter the known basis amount in the Cost or other basis (do not reduce by depreciation) field.

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