Mr Cooper Group Inc (COOP)

[Boris the Spider]

Bob re taxes on escrow payout to come.
It is my position that any payout would be a non-taxable settlement. Of course the W9 we were forced to submit at release will require a 28% withholding. Then it would be our fight to contest it in court against the IRS to get back our 28% they withheld. The hedgies will lead the way on that tax battle and set precedent for the rest of us. As Mary said, we ride their coattails.
Bop says the IRS will want a cut so it will be a battle. Worst case is LTCG at 20%. It is Not ordinary income as some are saying.