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I received a pro rata share of a securities litigation fund that is a "Qualified Settlement Fund". Do I treat this income as a capital gain, 1099-misc or something else?
I file the long form. The Qualified Settlement Fund" as defined by Tres. Reg. Section 1.468B1 through 5. It is a settlement from a securities litigation lawsuit. I was wanting to know if I treat this income as a 1099-misc, a capital gain or some other method. If you would like a copy of the cover sheet that came with the check, I can send it.
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‎June 4, 2019
11:21 PM