russoule
Returning Member

Deductions & credits

my question is NOT is it taxable, but is it a part of the Capital Gain?  that is, if the broker had sold WITHOUT permission and settled the tax cost by issuing a check, is the amount part of the "original" transaction or does it become a NEW "transaction"?  is the taxpayer entitled to the special tax rates on Long-Term Gains on this type of settlement?