Do you think any of this will be sent to brokerages to clear out the redemption of RONotes or does that action await a new payment from WMRRC to WMIH to the LT ? (that is my guess unless such has recently occurred)
Would the rest - or all of it - then be mailed to our homes v brokerage accounts as to my knowledge only the RONotes are handeled via the brokerage - and we get checks to the name and address to which they send the LT claim estimates
Many thanks
I hold H (not huge) in four accounts and thus will be looking for checks on Sat or Monday
For those who do taxes
right or wrong - I took the W-9 (4?2?) sent the year we got NO cash and ignored it for IRAs. For my two non IRAs I used the cost of the H shares in those accounts as my cost basis and put in the W-9 distribution amount (85%ish? of LT claim if I recall as that is what "they could see" at that time).
I took the profit (a nicely amount)between cost and the W-9 and paid income tax
So this time - I will look to the NON IRA w9 or 1099 at year end and see what is shows. If it is the full amount - then my new cost basis is the last w9-1099 and the tax this time will be tiny
For the IRA accounts - as I am over 59.5 I will report the distribution to me from the LT as an IRA distribution and pay income tax (which can only be delayed and never avoided unless I donate it all to charity)
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