Mr Cooper Group Inc (COOP)

[dugit69]

Clawmann I wanted to say I appreciate your contribution to the board.

I have discussed this with my accountant, who I believe is very knowledgeable in this area. He confirmed that wmih shares received on conversion acquire the basis of your old wamu shares and the escrows tracking shares have no basis. You should be able to confirm this basis through your brokerage account.

All payout from escrow will be treated as capital gains. Held less than 1 year is short term capital gains and taxed at the same marginal rate as the taxpayers other ordinary income rates. Held for one year and a day is long term capital gains and taxed according to individual income bracket. Since we have owned and held on to our escrow for over a year and a day then any payout would be treated as long term capital gains.