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ModusLink Global Solutions, Inc. Message Board

  • jsimmons4444 jsimmons4444 Feb 16, 2012 7:01 AM Flag

    Important MLNK Tax Info

    Check your 1099. The 3/31/11 MLNK special 'dividend' is a return of capital, as I have said since day one.

    Well, my 1099 showed it as a qualified dividend. I called MLNK, their investor relations number is diconnected, and got a silly recording on their main number. Typical.

    I then called Scottrade, and after checking with their tax department, they assured me that all 1099's would be revised by March 15th to remove the Return of Capital from Dividend Income. Scottrade said that they did not receive the correct status from MLNK until after Jan 31st.

    Remember to lower your cost basis accordingly.

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