Non liquidating distributions best hiv dating sites
I will give the best answer that I can with the information provided.Publication 550 describes the tax treatment of this type of distribution.If you bought more than one block of stock, you will need to figure it out based on the instructions provided.
This means that the normal distribution rules of Section 1368 do not apply to liquidating distributions.
I would use the date that the liquidation was done.
You should have this somewhere on a statement or a check if you received cash.
If the corporation distributes the assets in kind to a shareholder under a plan of liquidation, it is treated as having sold the assets to the shareholder for fair market value.
The corporation will recognize gain or loss if the amount realized (or the property’s value) differs from the corporation’s basis in the distributed asset.