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

To: Judy Muldawer who wrote (3827)	1/1/1999 8:26:00 PM
From: Dwane Houghtaling	Respond to of 4142

Judy. If you happen to get an answer outside this group please let me know the answer. I will be in a similar position when my wife sells some stocks given to her. Thanks. Dwane

To: Judy Muldawer who wrote (3827)	1/1/1999 11:03:00 PM
From: Colin Cody	Read Replies (1) \| Respond to of 4142

Judy, I received some stock as part of a legal settlement. Depends on WHY and HOW you got the shares. If it was a tax free deal, say a personal injury settlement, then the FMV as of the court designated date would likely be your tax/cost basis, IMO. If it was a taxable settlement, say an employment wage related claim, then the taxable amount on the form 1099 could likely be your tax/cost basis. If it was a legal settlement of say a contested estate, it would be the FMV at date of death as listed on the final return, form 706. Colin