1099 Div Box 8 Basis

Mar 21, 2011 – Client has 1099-div. Box 8 cash liquidation distribution .

Box 8 on form 1099-DIV - When I am filing online services when trying to list income . normally get taxed through Schedule D. You may or may not have a basis. .

How to Read Your Form 1099-B. Receiving a 1099-B form doesn't have to be the end of . Boxes 8 to 11 deal with commodities futures contracts only and can . A more difficult task is finding the cost basis for each of your investment sales so .

Feb 20, 2009 – Have 1099 DIV with Cash liquidation distributions in box 8 of $1220 and Noncash liquidation distributions of $11 in box 9. . You will have to determine if there is any basis, then you can follow the statement I found below. .

8. Dividends and Other Corporate Distributions. Table of Contents . . Ordinary dividends will be shown in box 1a of the Form 1099-DIV you receive. . . Increase your basis in your mutual fund, or your interest in a REIT, by the difference .

2 posts - 2 authors - Last post: Mar 21, 20081099-DIV - box 8 Main Forum / Tax Discussion. . The taxpayer has a basis in the old stock of $21.92 per share and in the new stock of $51.50 .

Jul 7, 2005 – You will normally receive Form 1099-DIV if you received dividends or other . They are normally reported in box 1a of Form 1099-DIV, and must be included . . Liquidating dividends should be reported in box 8 or 9 of Form 1099-DIV. . If the distribution is more than your basis, you would have to report the .

Form 1099-DIV, Box 6: Foreign tax paid, if you choose to claim it as an .

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Question - Does CASH LIQUIDATION DISTRIBUTION in BOX 8 of 1099-DIV have . . cash basis of the sock,and could be there for informational purposes only. .

1 post - Last post: Mar 6, 2008I received a 1099-DIV with an entry in Box 8: Cash Liquidation . basis, you have either a capital gain or loss, depending on the .

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The IRS requires that Form 1099 information be furnished to customers no later than Feb. . Refer to the 2010 IRS Instructions for Form 1099-DIV for more detail. . of $10.00 or more paid to corporate accounts in Box 8 on a 1099-MISC. . You must reduce your cost (or other basis) by this amount for figuring gain or loss .

. reported to you on a 1099-DIV form, in either box 8 or 9. Only the amount that exceeds the taxpayer's basis in the stock is capital; this is taxed as a capital gain. .

Understanding Form 1099-DIV: Dividends and Distributions . You must reduce your cost (or other basis) by this amount for figuring gain or loss resulting from the sale of shares of the . Box 8 reports the amount of federal tax exempt income. .

Even if you do not receive a Form 1099-DIV, you must report all of your taxable . Your ordinary dividends (Form 1099-DIV, box 1a) are more than $1500, or; You . . After the basis of your stock has been reduced to zero, you must show this . Show it on Schedule D, Part II, line 8, if you held the stock for more than 1 year. .

Form 1099-DIV is a record of all taxable dividends and distributions earned from your . Box 8 reports the portion of the total capital gain distribution represented as . This amount reduces the cost basis of your fund shares. .

For example, if your cost basis in stock in a company is $1000 and the company is totally liquidated, then if you receive a 1099-DIV with Box 8 showing $400 and .

Feb 13, 2008 – We now have a 1099-DIV showing $10000 in box 8. . you receive is not taxable to you until you have recovered the basis of your stock. .

What if my 1099-DIV only has an amount in Box 8 or Box 9? .

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In late January, the fund will send Form 1099-DIV to you and the IRS. Box 1a reports a combined total for dividend income and short-term capital . Mutual funds distribute their annual realized net capital gains to shareholders on a pro- rata basis. . Any additional losses are carried forward by the fund for up to eight years to .

Question - I received a 1099-DIV for a cash liquidation distribution (box. .

4 posts - 3 authors - Last post: Mar 22, 2008I have a client that has received a 1099-B that has (12348.08) in box 8 .

7 posts - 6 authors - Last post: Feb 8, 2008Have 1099 DIV from a reit with amount in Box 8 - cash liquidation distribution. Taxable? Probably need to know the basis in this? Great- elderly .

Feb 8, 2008 – d distribution, cost basis, checking accounts: I am confused as well. . I was provided a 1099-DIV for this distribution with a value in Box 8, .

Does anyone know where to enter amounts from 1099-DIV box 8? I am using ProSeries Basic. I wasn't sure if this was just not available in the Basic or not. .

5 posts - 4 authors - Last post: Mar 7, 2008basis, you have either a capital gain or loss, depending on the difference . I received a 1099-DIV with an entry in Box 8: Cash Liquidation .

2 answers - Nov 6, 2007Top answer: Start with form 6781.

Instructions on entering information into the 1099-DIV Worksheet for Form . it was a return of the cost paid for the investment or other basis adjustment. Box 4 . Box 8. Cash Liquidation Enter the amount of Cash Liquidation Distribution exactly .

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Use Form 1099-DIV to report dividends and capital gain distributions from . are reported in box 8 or gross proceeds paid to an attorney are reported in box 14 . In addition, some firms provide information about the cost basis of the asset sold. .

Some of the amounts reported to you on Form 1099-DIV will not be taxable, because . of them, since they must be used to reduce your basis in the stock when you sell. . you may receive payments shown in Boxes 8 or 9 of Form 1099- DIV. .

Jan 5, 2008 – Discussion:1099 Reporting on Stock Redemption . on a regular basis, and exclude corps that purchases odd-lots on irregular basis. . cash liquidating distribution reportable in box 8 of 1099-DIV or something else entirely? .

1 answer - Sep 27, 2006Top answer: The 1099 is only reporting to you and the IRS the gross amount of the distribution. You have to figure any gain or loss on Schedule D, and if your distribution is .

Are "cash liquidation distributions) as shown on a 1099-DIV (box 8) taxable . have a cost basis in your original investment, they are used to reduce that basis. .

On Form 1099-INT, box 8 reports the total of all tax-exempt interest dividends a fund paid to you during 2009. The amount included in box 8 represents income .

Report as ordinary dividends in box 1a of Form 1099-DIV payments of 404(k .

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The forms included are IRS Form 1099-DIV, IRS Form 1099-B, IRS Form 1099- INT, IRS . You must reduce your cost (or other basis) by this amount for figuring gain or loss resulting . Box 8 reports the amount of federal tax exempt income. .

These dividends are reported in box 1b of Form 1099-DIV. . These distributions are actually a return of capital and reduce your basis in the stock, until all your . Liquidating dividends should be reported in box 8 or 9 of Form 1099-DIV. .

Mar 26, 2010 – TP received form 1099-DIV, box 8. Where .

It is highly likely that you do not have a cost basis as most 401K plans are funded by . Q: Are "cash liquidation distributions) as shown on a 1099-DIV (box 8) .

3 posts - 3 authors - Last post: Jul 3, 2006Post subject: 1099-DIV, Box 8 =$5000. Post Posted: Thu Apr 06, 2006 2:35 pm . Is Box 8 the only data you have? There is a lot more that needs to be . basis was (does $5000 represent a gain or a loss, and how much?). .

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1099 DIV BOX 8 BASIS