Mr Cooper Group Inc (COOP)

[drkazmd65]

My guess - they count as a short-term gain if you sell them now regardless of when you bought any UQs, KQs, PQs, Dimes or whatever that led to the conversion at emergence.

I was planning on holding mine for at least a year and a day anyway past the conversion date unless the unlikely too good to pass up offer comes out in the meantime - so I hadn't checked into the tax consequences of having them and potentially selling them before that time period.

Also regardless - I am also guessing that our cost basis for the shares we got via conversion is going to be an interesting one to compute and will be dependent on what combination of Preferred/Common shares fed into your conversion total, and what prices you paid to buy them.

I was figuring that I would show up at a tax accountant's door with all the paperwork and let them figure it out for a fee when the time came.