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.
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.