IraS1@aol.com wrote:

> jhajeski@bivio.com writes:
>
> How do I log a check from a shareholder class-action suit
> paid to the club?
>

Ira responds:

>
> If you still own the stock, it is a return of capital distribution. If
> you no longer own the stock, it is a long-term capital gain
> distribution. ...


John asks Ira...

Ira...

Wouldn't the determination of short/long term gain be based on how long
you've held the stock? You replied that it's a long term distribution,
but would that not assume the stock's sale was also a long term
holding? I would think that if the stock was a short term gain/loss
then the lawsuit proceeds would be a short term gain. Mind you, I don't
know... just a guess on my part.

John Munn
Cross Country Investment Club
Capitol Investors Investment Club