I feel resigned to somewhat sketchy corporate behavior from this company after the regulatory investigation in Ohio surfaced last quarter. I wish I'd pulled the trigger on buying at book value at that point, though.
Does it benefit the company in some way to declare the distributions ROC instead of dividends? Seems like it would be simpler if they were dividends, and simple tax prep is probably the reason most chose LNCO over LINE
Actually I must retract my earlier post. The filing on the website does say that all distributions are non-taxable and reduce the cost basis. Like someone said in the other thread, just put the info from the 1099 into your tax software and it should do it correctly. It might be worthwhile to separately keep track of your basis, however. I thought owning LNCO as opposed to LINE was supposed to simplify the tax prep!