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Strategies & Market Trends : SPARKY'S CORNER -- Ignore unavailable to you. Want to Upgrade?

To: Bruce A. Brotnov who wrote (3826)	1/1/1999 2:45:00 PM
From: Judy Muldawer	Read Replies (2) \| Respond to 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