I posted last week that I got a letter from my broker saying that the divy were reclassified as a return of capitol and not dividends so my taxes would have to be redone to go for the refund. I posted the title of PTSC did not pay dividends. I did not get the 1099 however the letter said that I need to move the $ amount I got out of boxes 1a and 1b and move it to box 3 of the 1099-div, showing a return of captiol not taxable dividends.

I was wondering why they did this?