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Tax treatment of settlement from class action suit
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old...@old.net
Jul 18, 2008, 6:16:22 PM7/18/08
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How should check received as part of the BMY class action suit be
treated for taxes? Should it be taken as a return of capital thereby
reducing the basis or as income?
treated for taxes? Should it be taken as a return of capital thereby
reducing the basis or as income?
Thanks.
Arthur Kamlet
Jul 18, 2008, 8:41:15 PM7/18/08
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In article <pg52849ijeqfkshp4...@4ax.com>,
I usually take this as reduction of basis. If the stock
has been sold, as capital gain.
--
ArtKamlet at a o l dot c o m Columbus OH K2PZH
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