Cap Gain vs "DIV"?

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

Reply to
Angelo Campanella
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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").

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