The reporting of gains and losses on the stock of cooperatives has been a pressing issue in many farm communities as value-added cooperatives and other cooperatives have failed or merged with cancellation of patronage equities. In many instances, the question is the proper characterization of the equity interest relinquished by the patron and whether losses are ordinary losses or capital losses.
Harl, Neil E.
"Handling Gains and Losses on Cooperative Stock,"
Agricultural Law Digest: Vol. 13
, Article 1.
Available at: https://lib.dr.iastate.edu/aglawdigest/vol13/iss1/1