On Mar 12, 8:52 pm, Angelo Campanella <a.campane...[at]att.net> wrote:

- quote -

Did you claim a capital loss for this stock in a prior year? Did you
contact the company and get them to issue a 1099-B and un-issue then
1099-DIV? If all else fails, there is form 8275 ("Disclosure
Statement").

http://www.irs.gov/pub/irs-pdf/f8275.pdf
http://www.irs.gov/pub/irs-pdf/i8275.pdf

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Dear All:

For '08 I found that the resolution of an old stock that was tied up in
litigation for years, was a lump sum 2007 court settlement award that I
then discovered in 2008. Instead of making out a 1099-B on it, that
corporation in Rhode island issued it as a dividend. (I never received
any notice of remaining stock ownership). I think I should call it a
sale and pay taxes only on the selling and buying price difference, but
waht do I do about the fact that the report to the IRS states it on a
1099-DIV form?

Angelo Campanella

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >