10-13-2017, 04:00 AM
September's Monthly Statement from the Schwab brokerage showed that it treated the CRP as some sort of liquidation and lumped it in with Dividends and Interest rather than a capital transaction. Fidelity and TDAmeritrade treated it as a sale against a zero-cost asset. Implication for US taxpayer is that Schwab is likely to treat CRP as a dividend or interest payment on the 1099 sent to IRS.
My call to Schwab elicited a response of kicking issue back to tax group and/or others for review.
Did any Schwab clients in SHU have their CRP payment treated as a sale of an asset?
katytrader