What LIQUIDATION DISTRIBUTIONS means: A return of capital received because of a partial or complete liquidation (going out of business) of a corporation. The basis of the stock on which liquidation distributions are paid is reduced by the amount of the distributions. Any amount received in excess of basis in the stock is taxable. In a liquidation that results in cancellation of the stock, a loss can be claimed the year the final distribution is received if total distributions are less than the taxpayer's basis. Report liquidation distributions on Schedule D, Form 1040.
- Definition Listed Property:
- Dictionary includes passenger autos and other property used for transportation, property generally used for purposes of entertainment, recreation, or amusement, computers not used exclusively at a regular liquidation distributions definition.
- Definition Lessor:
- Dictionary One who rents property to another. In the case of real estate, the lessor is also known as the landlord liquidation distributions explain.
- Definition Lien For Taxes:
- Dictionary as part of its tax collection effort, may attach a lien (a legal claim) on the property of a taxpayer who is delinquent in the payment of amounts owed to the IRS and who has not made arrangements to liquidation distributions what is.
- Definition Like-Kind Property:
- Dictionary is property acquired in an exchange that is of the same type as the traded property. In addition to other requirements, both the traded and acquired proprerties must be either held for investment or liquidation distributions meaning.
How works Liquidation Distributions meaning in Tax definitions L .
