......LATEST PROBLEMS: 1. ARE BK TRUSTEE CASH LIQUIDATION DISTRIBUTIONS TAXABLE.....????..............and 2. CAN WE PLEASE MOVE ANY DISTRIBUTION DATE TO 2019........?????..............
......good problems because the money is "in transit".........some BK proceeds paid to claimants are NOT TAXABLE but apparently uwbi cusip holders do not fall into any of those tax-free categories, by nature of having stock in the BK ESTATE.................
.......back to the tax question.......yes.......taxable beyond the cost basis.....
and we heard about a uwbi cusip holder distribution date of 12/19/2018............almost impossible to push that date past 1/1/19.........often the BK TRUSTEE will note that late in December is problematic and could simply move the date to the 1st business day of the new year.....................we'll see...............
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