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?