MEWDS (Multiple Evanescent White Dot Syndrome) is a rare, unilateral, self-limiting inflammatory disease that afflicts young women more than men in a 4:1 ratio. Despite the lack of treatment, the prognosis is excellent. Our patient is the typical age and gender.
To qualify for sale or exchange treatment, a stock redemption generally must result in a substantial reduction in a shareholderâs ownership interest in the corporation.In the absence of this reduction in ownership interest, the redemption proceeds are taxed as dividend income. The former shareholder has no interest, other than that of a creditor, in the corporation for at least 10 years after the redemption (including an interest as an officer, director, or employee).
In nonretirement accounts, the sale, redemption, or exchange of individual securities and mutual funds, other than money market funds, is reported to you and the IRS on Form 1099-B, Proceeds from Broker and Barter Exchange Transactions, (part of the Fidelity tax reporting statement).sing Form 8949 and/or Form 1040, Schedule D, you must report a summary of sales or exchanges, and any gains or losses to the IRS. Generally your gain or loss is the difference between your cost basis and the proceeds from the sale or exchange.