Replies to post #203420 on OWC Pharmaceutical Research Corp (OWCP)

[I-Glow]

From the time it would be long term capital gains - and not everyone during that time frame had losses.

If the distribution is related to a non-qualified account (such as a taxable brokerage account), this distribution may be taxed and you may receive a Form 1099.

More exactly - You can enter this as a lawsuit settlement. If it was not reported on a 1099-MISC or 1099-INT.

It just depends on the individual.

IG