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Class Action Securities Settlement from a "Qualified Settlement Fund"
I received a Class Action Securities Settlement from a "Qualified Settlement Fund" with no 1099 for a stock I sold and took a loss on years ago. How do I enter this on my current year taxes? The settlement does not recover the losses I incurred at the time when I sold the stock years ago.
I need to confirm that I need to report the whole settlement received (since I did take a complete loss and no longer hold the stock) either as a LT or ST Capital Gain and how to do this within TurboTax since no 1099 was issued.
Thank you
‎November 5, 2019
2:04 PM