Selling Prudential stock

If they give back all the capital each year via dividend rebates, how do they stay in existence? Anyway, i don't know how this works, so maybe the correct (or at least the most convienient, sort of correct) answer is just count one year. This may vary for each company.

I would ask for the whole thing. I am sure that would protect your postiion even if you end up with less of a refund. You cannot ask for soemthing and then increase it later.

well, that IS "real information". Sure, it is confusing and unsetteld, but this is the current state of the situation.

This link sums it up pretty well, and includes a section heading "Tax Planning for Clients", which seems to spell out the correct approach to take given the unsettled nature of this matter:

"remove ps" wrote in message news: snipped-for-privacy@news.aioe.org... With option (2) perhaps form 8275 or 8275-R (the disclosure forms) should be filed. Disclose that you are using a non-zero stock basis, and if later the IRS disagrees, they will not assess penalties (but I'm not sure if they assess interest). ============ Interest is always assessed. The IRS doesn't have the authority to waive it.