Just to update this for 2020 and 2021 taxes, ALTABA issued an additional liquidation of $8.33/share this year (my 1099 from etrade called it a "Return of Principal). This should be handled in a similar way as last year's $51.50 distribution (it reduces your basis until your basis hits $0 then everything beyond that becomes a reportable capital gain). Also note, you still hold the AABAESC shares in escrow and they have an estimated value of about $14.xx. Those are still real and we should be getting one last payment.
The ALTABA website FAQ says: "Stock certificates are not required to be surrendered as part of Altaba’s liquidation and dissolution. Upon the payment of the final liquidating distribution, Altaba will issue a press release to the effect that all outstanding shares will be deemed to be cancelled. Therefore, there will be no collection or surrendering of stock certificates.".
This is from an email I received from ALTABA on 3/10/2021:
"The shares are currently an escrow security that represents rights to future distributions. Altaba intends to make an additional distribution following the receipt of the final court order from Delaware Chancery Court. For the additional distribution, Altaba intends to distribute Altaba’s remaining assets in excess of the amount to be used by Altaba to pay claims and fund the reserves required by the Court Order and pay Altaba’s operating expenses through the completion of the dissolution. Altaba does not know when it will receive the final court order, but it will likely occur sometime after the April 20-22, 2021 Court hearing. Altaba cannot guarantee the amount of any future distributions."
Hope this update helps.
