9 cash Options
9 cash Options
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Liquidating distributions, from time to time referred to as liquidating dividends, are distributions you get for the duration of a partial or total liquidation of a company.
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Thank you to your response. On the other hand, I double checked with my broker & they do not know whether it's a partial or last distribution or not. It truly is from a very old stock that was taken above quite a long time in the past & now it is actually Keeping company. Nobody seems to have any records on it.
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I owned Altaba likewise. Does any one know if / when there'll be considered a last distribution? I browse that The main reason why it was partial (~75%) was simply because they reserved the rest for tax causes. It was primarily a holding business for Alibaba stock, a Chinese company.
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I wish this reply (and the material in IRS Pub 550) protected a liquidated money marketplace fund in place of a liquidated Company, in my situation Schwab PA muni fund SWEXX that liquidated in 2017. The 2 situations are identical although not identical. My foundation within the fund is my Original investment, plus monthly interest payments that were reinvested inside the fund through the years. I can not figure out if any portion of the amount in Box 8, Cash Liquidation Distributions, must be described on Sch D.