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