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Strategies & Market Trends : SPARKY'S CORNER

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To: Bruce A. Brotnov who wrote (3826)1/1/1999 2:45:00 PM
From: Judy Muldawer  Read Replies (2) of 4142
 
To:Anyone Who Knows The Answer

Several years ago I received some stock as part of a legal settlement.
The date of the settlement was May 24, 1996 and the shares were transferred to a designated account on June 10, 1996.

I recently sold the shares and need to know how I claim the value of the gains in this transaction.

Since I paid nothing for the shares, is the entire gain taxable? Or is the taxable amount the difference of the selling price compared to when the shares were issued? Or do I deal with the date the shares were deposited?

I am sure someone knows the answer, so feel free to respond.

Happy New Year!

Judy
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