Check From Invesco Fair Fund

I have recently received a check from Invesco Fair Fund for a couple hundred U.S. dollars.
This is in settlement to a lawsuit that the U.S. Securities and Exchange
Commission brought against Invesco in 2004 on grounds of illegal market timing. I really do not know many details about this case and I will have to read more details at http://www.invescofairfund.com/start.asp
The amount of the check is broken down as Invesco Losses, Invesco Advisory Fee, Invesco Post Judgment Interest, Bank of America Dilution, Bear Stearns Dilution.
The main question that I have is whether the amount of this check is taxable under IRS rules. If so, is it considered income, capital gain (log/short term?), or what? I no longer am a customer of Invesco; I closed my account back in 2004 and I do not have any supporting documentation for tax purposes.
I am not too worried about tax implications because the check is only for a couple hundred dollars, but would like to do my best to report it in the correct way on my 1040.
What kind of information do I need to gather together?
Thanks.
--
tb

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On 12/20/2009 2:50 PM, tb wrote:

The link you provided takes you to a page that has a link to tax information that will tell you what is taxable and where you report it. It is highly likely that it is all taxable as I assume you no longer hold any Invesco mutual funds. In addition, other than the interest that you report as Interest Income, the rest is probably long term capital gain.
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snip
I too received such a check.
When I held Invesco etc it was in my IRA. Being over 70 1/2 I believe that I cannot put the check back into in my IRA. (true?).
If so then presumably the check is treated as a partial IRA distribution without a 1099-A (true?)
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On 12/21/09 5:04 PM, Avrum Lapin wrote:

Not true. It is not an annual contribution. Just inform the trustee that you are depositing a recovery from the Invesco Fair Fund as a result of a settlement with the SEC and note that it is not an annual contribution. I've had a bunch of these over the years and have found that all trustees know what to do with it.
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On 12/20/2009 16:50, tb wrote:

I too received such checks.
If any are made out to an IRA, and you no longer have that IRA, you need to write VOID on the check and send it back for a re-issue. The address to be used is the one on the check, not the one on the letter. In any case, call the Invesco Fair Fund to verify how to return the check. And call the custodion of your current IRA to find out how to have the check made out so you can roll-over. If you have no current IRA, you could open an IRA and roll-over into the new IRA.
In my case, I an returning the IRA check tomorrow to get a check that I can roll-over into an IRA at Fido.
The other 2 checks are for regular accounts and are subject to the tax liability stated in http://www.invescofairfund.com/start.asp .
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