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To address your specific question:
- The form 1099-DIV only reports the liquidating distribution(s) in the applicable box (9 or 10)
- Stock basis should be maintained by the respective shareholder
- The shareholder will then report both pieces of information on their 1040 form 8949
- Selling Price = liquidating distribution; both cash and non-cash
- Cost basis = shareholder basis after adjusting for the final K-1 items
- Make sure you do not adjust the basis by any liquidating distribution
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