Boston Capital’s Dispositions Group’s innovative approach to selling LIHTC properties beginning in 2001 helped establish an active market for tax credit properties and interests.
We have become an industry leader and our knowledgeable staff is frequently asked to provide expertise on a national stage as well as to individuals seeking guidance on property sales.
His remaining ,000 of basis in his LLC interest becomes his basis in the distributed real property (Sec. Z does not recognize any gain on the distribution although the FMV of the property R receives (,000) exceeds its ,000 Example 2.
Richard Perry believes so strongly in his fund's GSE preferreds that he's keeping them for a while longer even though he's liquidating his fund.
Q: What are the tax implications for Box 8, Cash Liquidation Distributions for Taxable Accounts (such as individual or joint tenant type accounts)?
A: The initial liquidating distribution, along with the operating distributions received in 2016, will be reported to shareholders on their 2016 Form 1099-DIV, which we expect to be mailed on or before January 31, 2017.
Following this proactive approach, sales in excess of 100 properties/limited partnership interests are expected to close in each of the next three years.
This schedule is being provided as a courtesy so that you can assist shareholders in calculating the tax basis of their shares.
As such, the government has self-negotiated into its current position of having a 7B liquidation preference and 79% warrant coverage.
This is on top of taking out over 0B of net cash since conservatorship commenced.