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Cendant class-action award and IRAs

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K

kinosh

Guest
What is the name of your state? Vermont

I was a shareholder in Cendant Corp, which has settled a class-action lawsuit. I received the first check (of 2, I believe) based on the buying/selling price and dates of the stock during the scandal. Cendant was in my traditional IRA account (now closed). What does the tax law require me to do with the award? Do I have to transfer the funds back into an IRA account? If so, is the transfer amount included in the annual limit? Thanks for the information.
 


abezon

Senior Member
First, ask the attorneys who represented you in the lawsuit. They ought to earn their exhorbitant fee somehow. If that doesn't resolve things, come back & we'll ask you for all kinds of finicky details. :)
 
A

Andy Brown

Guest
See if you can find out if a 1099-MISC or a 1099-R is going to be issued to you for the amount received.
 

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