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non dividend distribution

oriole

how do you enter a non dividend distribution so as to lower your cost basis?

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Comments

Rocket J Squirrel

Use a Return of Capital transaction.

Tom Young

If you've already recorded all the year's distributions as dividends and now the company tells you "$XXX of those distributions were actually returns of capital" and don't tell you exactly how that return of capital was actually doled out over the year, then you'll want to make two entries.

I typically do this as of 12/31/YYYY based on a 1099-DIV that discloses the fact that there were returns of capital during the year: one for the return of capital using the RtrnCap action, then an equal and opposite amount using the Div action.