Thanks for the reply. OK, so even the 10% of the proceeds that were distributed one year in 2016 later (the "holdback") is a short-term gain since the shares were bought and sold in 2015. Does that mean that the gain associated with just the Holdback should have been reported should have been in 2015 even though the money was not distributed, or is it appropriate to recognize this gain with the 2016 tax return?
