11 Form Box 11 The 11 Secrets About 11 Form Box 11 Only A Handful Of People Know

Question from AliceMarch 20, 2007 at 6:52am



As an Unsecured Creditor in United Airlines defalcation action, I accustomed banal in the reorganized company. They beatific me a 1099-Misc, Box 3, for the FMV of the stock. Do I accept to pay assets taxes afore I advertise the stock? If so, why and how would I address it?

Answer: Alice – It would assume that you accustomed a taxable banal distribution. You address the assets on Form 1040 band 21, Other Income.



This would authorize your base in the banal for advertisement purposes back you advertise the stock. Apparently this was the acceding per the POR or Plan of Reorganization.



For added advice amuse see this website http://www.pd-ual.com/or acquaintance the Debtors’ Solicitation Agent by autograph to: Poorman-Douglas Corporation, ATTN: UAL Balloting, 10300 SW Allen Boulevard, Beaverton, Oregon 97005, or alarm (877) 752-5527 area they accommodate accepted advice or you can allocution to a alive being and ask questions.

Hope this helps.

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