From my Scottrade year end tax statement. Looks like the NRZ spinoff is treated as a nonqualified event. Total value of the stocks that I received at the time of the spinoff seems to treated as a nonqualified dividend.
In your case, you should direct Scottrade to the company's "tax treatment of the spinoff." The extra taxes ($2.50 per share v.s. about $6.50) is way too much.
My broker has nothing for the NRZ spinoff. I should see my cost basis in NCT reduced by about $4, and I should be liable for about $2.50 (per share) in taxes. None of this has happened yet. And this isn't the only stock where I had a spinoff or got ROC. My 1099-div shows the ROC correctly -- and I won't pay any taxes on that. However they did not adjust the cost basis. That's okay with me. :-)
I'm expecting a corrected 1099-div. But if it's still in error in my favor... let's just say that I won't go out of my way... (If it's a error that is not good for me, then I get on the phone...)
A couple things to keep in mind. Incorrect 1099's do not determine the tax treatment of transactions. When you recieve an incorrect 1099, you are still responsible for reporting correctly. What you do is you include the amount reported from the 1099 with an adjustment to get to the correct amount and an explanation.
Why are you brining this up again? We have discussed this many times. Just use the company press release about the spin off and its taxability. Scottrade is obviously incorrect. Scottrade does not determine the taxability of the spin off. The company does!