Replies to post #511171 on Mr Cooper Group Inc (COOP)

[jerrylev]

AT, I assume that you do it all the time with interest income from banks. You fill out Schedule B instead of Schedule D Capital Gain.

Since schedule B has no cost basis, I just subtract what I paid for WAHUQ from what I received for PIERS payment and the IRS has not said anything. The LT screwed me up further by sending out to the IRS what I will receive and not what I actually received. It does not matter much because you pay tax sooner or later but it can bump you up to the next tax bracket.