Publix is an Employee Stock Ownership Plan Company (ESOP). This is essentially a company that is owned by the employees through a trust.
These structures are more complex than a typical stock ownership scenario. An ESOP is really a tax-qualified retirement plan for the employees that invests in the sponsoring company stock.
The tax implications are more complicated than a normal stock sale and if you receive a distribution it is most likely reported on a form 1099-R.
I highly recommend you call the Publix Stockholder Services Group for guidance. See the attached link:
https://www.publixstockholder.com/contact-stockholder-services
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
