Liquidating trust and tax

14-Jul-2020 13:56

When determining whether a closely held corporation should be liquidated, the tax consequences to the shareholders should be considered.When you die, the trustee of your trust must look to the trust document for guidance on distributing trust assets.BOSTON, June 15, 2016 (GLOBE NEWSWIRE) -- As previously reported, Winthrop Realty Trust (NYSE: FUR) (the "Company") will transfer all of its assets and liabilities to a liquidating trust effective at the close of business on August 5, 2016.In connection therewith, on August 5, 2016 common shareholders of record will be distributed one ...However, to receive this favorable tax treatment, a trust must qualify as a liquidating trust.

331 for the difference between the FMV and the shareholder’s basis in the stock).Ambridge’s Tax Qualification Insurance extension can protect trusts (and indirectly their beneficiaries) from the financial exposures resulting from a disqualification as a liquidating trust.BOSTON, June 30, 2017 (GLOBE NEWSWIRE) -- Winthrop Realty Liquidating Trust (the "Trust") announced today the sale of its Orlando, Florida property to an independent third party for a gross purchase price of approximately .8 million. 11, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Liquidating Trust (the "Trust") announced today the sale of its One East Erie office property located in Chicago, Illinois. 01, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today the sale of the Mentor Building in Chicago, Illinois which was held by a venture in which Winthrop holds a 49.9% interest.BOSTON, June 14, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop" or the "Company") announced today that its Board of Trustees has declared a liquidating distribution of

331 for the difference between the FMV and the shareholder’s basis in the stock).

Ambridge’s Tax Qualification Insurance extension can protect trusts (and indirectly their beneficiaries) from the financial exposures resulting from a disqualification as a liquidating trust.

BOSTON, June 30, 2017 (GLOBE NEWSWIRE) -- Winthrop Realty Liquidating Trust (the "Trust") announced today the sale of its Orlando, Florida property to an independent third party for a gross purchase price of approximately $34.8 million. 11, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Liquidating Trust (the "Trust") announced today the sale of its One East Erie office property located in Chicago, Illinois. 01, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today the sale of the Mentor Building in Chicago, Illinois which was held by a venture in which Winthrop holds a 49.9% interest.

BOSTON, June 14, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop" or the "Company") announced today that its Board of Trustees has declared a liquidating distribution of $1.25 per common share payable in cash on July 1, 2016 to common shareholders of record on June 24, 2016. BOSTON, June 13, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today that the venture in which Winthrop holds an 83.7% interest obtained a $45.0 million mortgage loan secured by its luxury apartment building located in Houston, Texas commonly known as Mosaic Apartments. BOSTON, June 09, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) (the "Company") announced today that in connection with the upcoming August 5, 2016 transfer of all of its remaining assets to a liquidating trust pursuant to the previously approved plan of liquidation the last day of trading of the Company's common shares on the New...

BOSTON, June 07, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today that the previously reported lease being held in escrow by its venture which owns 701 Seventh Avenue (a/k/a 20 Times Square) in Times Square, New York for retail space that includes part of the ground floor fronting Seven...

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331 for the difference between the FMV and the shareholder’s basis in the stock).Ambridge’s Tax Qualification Insurance extension can protect trusts (and indirectly their beneficiaries) from the financial exposures resulting from a disqualification as a liquidating trust.BOSTON, June 30, 2017 (GLOBE NEWSWIRE) -- Winthrop Realty Liquidating Trust (the "Trust") announced today the sale of its Orlando, Florida property to an independent third party for a gross purchase price of approximately $34.8 million. 11, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Liquidating Trust (the "Trust") announced today the sale of its One East Erie office property located in Chicago, Illinois. 01, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today the sale of the Mentor Building in Chicago, Illinois which was held by a venture in which Winthrop holds a 49.9% interest.BOSTON, June 14, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop" or the "Company") announced today that its Board of Trustees has declared a liquidating distribution of $1.25 per common share payable in cash on July 1, 2016 to common shareholders of record on June 24, 2016. BOSTON, June 13, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today that the venture in which Winthrop holds an 83.7% interest obtained a $45.0 million mortgage loan secured by its luxury apartment building located in Houston, Texas commonly known as Mosaic Apartments. BOSTON, June 09, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) (the "Company") announced today that in connection with the upcoming August 5, 2016 transfer of all of its remaining assets to a liquidating trust pursuant to the previously approved plan of liquidation the last day of trading of the Company's common shares on the New...BOSTON, June 07, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today that the previously reported lease being held in escrow by its venture which owns 701 Seventh Avenue (a/k/a 20 Times Square) in Times Square, New York for retail space that includes part of the ground floor fronting Seven...

.25 per common share payable in cash on July 1, 2016 to common shareholders of record on June 24, 2016. BOSTON, June 13, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today that the venture in which Winthrop holds an 83.7% interest obtained a .0 million mortgage loan secured by its luxury apartment building located in Houston, Texas commonly known as Mosaic Apartments. BOSTON, June 09, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) (the "Company") announced today that in connection with the upcoming August 5, 2016 transfer of all of its remaining assets to a liquidating trust pursuant to the previously approved plan of liquidation the last day of trading of the Company's common shares on the New...BOSTON, June 07, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today that the previously reported lease being held in escrow by its venture which owns 701 Seventh Avenue (a/k/a 20 Times Square) in Times Square, New York for retail space that includes part of the ground floor fronting Seven...

331 for the difference between the FMV and the shareholder’s basis in the stock).Ambridge’s Tax Qualification Insurance extension can protect trusts (and indirectly their beneficiaries) from the financial exposures resulting from a disqualification as a liquidating trust.BOSTON, June 30, 2017 (GLOBE NEWSWIRE) -- Winthrop Realty Liquidating Trust (the "Trust") announced today the sale of its Orlando, Florida property to an independent third party for a gross purchase price of approximately .8 million. 11, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Liquidating Trust (the "Trust") announced today the sale of its One East Erie office property located in Chicago, Illinois. 01, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today the sale of the Mentor Building in Chicago, Illinois which was held by a venture in which Winthrop holds a 49.9% interest.BOSTON, June 14, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop" or the "Company") announced today that its Board of Trustees has declared a liquidating distribution of

331 for the difference between the FMV and the shareholder’s basis in the stock).

Ambridge’s Tax Qualification Insurance extension can protect trusts (and indirectly their beneficiaries) from the financial exposures resulting from a disqualification as a liquidating trust.

BOSTON, June 30, 2017 (GLOBE NEWSWIRE) -- Winthrop Realty Liquidating Trust (the "Trust") announced today the sale of its Orlando, Florida property to an independent third party for a gross purchase price of approximately $34.8 million. 11, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Liquidating Trust (the "Trust") announced today the sale of its One East Erie office property located in Chicago, Illinois. 01, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today the sale of the Mentor Building in Chicago, Illinois which was held by a venture in which Winthrop holds a 49.9% interest.

BOSTON, June 14, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop" or the "Company") announced today that its Board of Trustees has declared a liquidating distribution of $1.25 per common share payable in cash on July 1, 2016 to common shareholders of record on June 24, 2016. BOSTON, June 13, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today that the venture in which Winthrop holds an 83.7% interest obtained a $45.0 million mortgage loan secured by its luxury apartment building located in Houston, Texas commonly known as Mosaic Apartments. BOSTON, June 09, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) (the "Company") announced today that in connection with the upcoming August 5, 2016 transfer of all of its remaining assets to a liquidating trust pursuant to the previously approved plan of liquidation the last day of trading of the Company's common shares on the New...

BOSTON, June 07, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today that the previously reported lease being held in escrow by its venture which owns 701 Seventh Avenue (a/k/a 20 Times Square) in Times Square, New York for retail space that includes part of the ground floor fronting Seven...

If the trust document specifies that its assets are to be distributed upon your death, your trustee must methodically liquidate trust assets – she must terminate the trust by paying off all of its creditors and distributing any remaining assets to its beneficiaries.

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331 for the difference between the FMV and the shareholder’s basis in the stock).Ambridge’s Tax Qualification Insurance extension can protect trusts (and indirectly their beneficiaries) from the financial exposures resulting from a disqualification as a liquidating trust.BOSTON, June 30, 2017 (GLOBE NEWSWIRE) -- Winthrop Realty Liquidating Trust (the "Trust") announced today the sale of its Orlando, Florida property to an independent third party for a gross purchase price of approximately $34.8 million. 11, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Liquidating Trust (the "Trust") announced today the sale of its One East Erie office property located in Chicago, Illinois. 01, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today the sale of the Mentor Building in Chicago, Illinois which was held by a venture in which Winthrop holds a 49.9% interest.BOSTON, June 14, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop" or the "Company") announced today that its Board of Trustees has declared a liquidating distribution of $1.25 per common share payable in cash on July 1, 2016 to common shareholders of record on June 24, 2016. BOSTON, June 13, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today that the venture in which Winthrop holds an 83.7% interest obtained a $45.0 million mortgage loan secured by its luxury apartment building located in Houston, Texas commonly known as Mosaic Apartments. BOSTON, June 09, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) (the "Company") announced today that in connection with the upcoming August 5, 2016 transfer of all of its remaining assets to a liquidating trust pursuant to the previously approved plan of liquidation the last day of trading of the Company's common shares on the New...BOSTON, June 07, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today that the previously reported lease being held in escrow by its venture which owns 701 Seventh Avenue (a/k/a 20 Times Square) in Times Square, New York for retail space that includes part of the ground floor fronting Seven...If the trust document specifies that its assets are to be distributed upon your death, your trustee must methodically liquidate trust assets – she must terminate the trust by paying off all of its creditors and distributing any remaining assets to its beneficiaries.

.25 per common share payable in cash on July 1, 2016 to common shareholders of record on June 24, 2016. BOSTON, June 13, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today that the venture in which Winthrop holds an 83.7% interest obtained a .0 million mortgage loan secured by its luxury apartment building located in Houston, Texas commonly known as Mosaic Apartments. BOSTON, June 09, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) (the "Company") announced today that in connection with the upcoming August 5, 2016 transfer of all of its remaining assets to a liquidating trust pursuant to the previously approved plan of liquidation the last day of trading of the Company's common shares on the New...BOSTON, June 07, 2016 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE: FUR) ("Winthrop") announced today that the previously reported lease being held in escrow by its venture which owns 701 Seventh Avenue (a/k/a 20 Times Square) in Times Square, New York for retail space that includes part of the ground floor fronting Seven...If the trust document specifies that its assets are to be distributed upon your death, your trustee must methodically liquidate trust assets – she must terminate the trust by paying off all of its creditors and distributing any remaining assets to its beneficiaries.