Replies to post #561158 on Mr Cooper Group Inc (COOP)

[brokedaddy]

Shares feels like double taxation to me. Taxes up front on that 28% the taxed capital gains when shares are sold, not to mention whatever your commission fee is at your brokerage.

Cash is king for me.

[SAPer]

Boris
I do not believe this is correct as we sent in a W9. This identifies us as taxpayers and would provide info to send 1099s which would require us to pay on our own.

That is my understanding and I could be wrong.

[temocat]

Boris, as to LTCG, if we were to receive shares of a publicly traded company it would tie to the time line of this investment which meets the LTCG rule. If you and your spouse make over $244k in 2019 then its 20% upon the sale of that asset. If your brokrage account is a Roth where your CUSIPs reside then you pay zero tax as you paid that tax upon the purchase. I hope that helps

[goodietime]

I have some Escrows in a ROTH IRA. I should NOT have to pay any tax on those. Would I have to file for a refund?