Mr Cooper Group Inc (COOP)

[CBA09]

BBANBOB - Agree!


Your Quote:
Ordinary income rate does not apply to WMILT Escrow. If you received Q, K, or P shares for free you will still have a cost basis.


Commentary:
I agree with your comments as Escrows are Capital Assets with a Cost basis. And, because there is a cost basis what was surrendered had value. Thus ones cost basis is the stock value surrendered. I take it you used the "Free" comment just as a narrative comment.

Any future cash distributions that would exceed ones cost basis would follow Long Term Capital Gains Treatment.