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Settlement from a Class Action suit
I received a settlement from a class action suit because I was paid too little when the company called its preferred stock. Major stockholders received about $3 per share than others. My settlement was principal amounts and pre-judgement interest. I received a 199-INT for the interest but won't be receiving a 1099 for the principal. Since it is an underpayment of stock that was called, do I input the amount as a capital gain or just as misc. income?
‎February 2, 2023
2:00 PM