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Alias Born | 12/28/2008 |
Thursday, April 03, 2014 5:25:46 PM
last year I paid taxes on a cap gain on H (they sent the 1099 and I dug up my associated expense or cost basis)*
this year indeed I paid taxes on a small amount of interest
WMILT would not fool with official tax letter distributions
the cap gain 1099 for CY12 was sent when they (LT) realized they had money to pay H (I think it was pegged at around 65-60% of claim which is the amount they felt comfortable they were paying as of 12-12)
the interest 1099-int for CY13 was sent as indeed until we get paid the obligation accrues interest
H will be paid - as a creditor - before the escrow sees a dime
I have a bunch of markers from common and other preferreds etc
I have WMIH
I have H
The first to pay well will be the H - fact
In the meantime I watch WMIH and hold on
My kids may some day see a few dollars from the escrows chiseled into my brokerage statements - mabye but no one is holding their breath
If there was a legal way for me to trade you all my escrow markets (a bunch) for 25K face of $25 H shares I would do so in a nanosecond
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