You won't know positively until you receive it or by contacting the organization handling the liquidation. The following information can be found by using Google.
- Altaba has said it plans to make a second distribution in the fourth quarter of 2020. A final distribution or distributions are expected at a later date, which analysts have estimated could be in 2022.
- The company also has an FAQ site.
Liquidating distributions, sometimes called liquidating dividends, are distributions you receive during a partial or complete liquidation of a corporation. These distributions are, at least in part, one form of a return of capital. They may be paid in one or more installments. You will receive Form 1099-DIV from the corporation showing you the amount of the liquidating distribution in box 8 and/or 9.
Any liquidating distribution you receive is not taxable to you until you have recovered the basis of your stock. After the basis of your stock has been reduced to zero, you must report the liquidating distribution as a capital gain. Whether you report the gain as a long-term or short-term capital gain depends on how long you have held the stock.
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