About half of those claims pay off, some for only ten to twenty dollars, but a few have paid me much higher amounts. The remainder get me nothing, often because my share is less than ten dollars and is ineligible for payment per the terms of the suit.
When it comes to tax time I've been reporting those payments as long term capital gains because they are always received more than six months after I purchased the relevant investment.
Am I reporting them correctly?
(W1BSV + Brass Rat '57 EE)