Back in May I wrote an update on the ‘mystery tax forms’ the bankruptcy trustee was saying they were issuing … at least the mystery is over 1041 forms are being pushed out.
I’ll do some research and update with some details on these soon.
Greg
Taxes Taxes
Lessons Learned from the Woodbridge Scam 
THANKS, do these tax forms relate to folks whose distributions are going back into their IRA? Thanks’ for all your help would be lost without your assistance.
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That’s a good question … I need to track down.
(hopefully) back soon with some input
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Hi Greg
Any news on how much money victims of Woodbridge scam will get back if they had notes & how long will it take
Thank you
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I don’t think a time line guess has been offered by the trustee
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Thanks greg
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you bet, hope that helped a bit
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thanks Greg
________________________________
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you bet
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Hasn’t this money already been taxes?
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that depends on if you claimed a 100% loss using the 2009-17 rule
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Thank you for all your hard work
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Hopefully I can find a good way to follow the various cases that are all filed by the trustee
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Woodbridge Liquidation Trust Urges Its Holders to Safeguard Against Unauthorized E-Mails: https://woodbridgeliquidationtrust.com/wp-content/uploads/2020/10/Press_Release_10-8-20-1.pdf
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excellent post
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10/19/2020 PRESS RELEASE – Woodbridge Liquidation Trust Announces Cash Distribution
SHERMAN OAKS, California—October 19, 2020—Woodbridge Liquidation Trust (the “Trust”)
announced that its Liquidation Trustee, with the approval of the Trust’s Supervisory Board, has declared
an aggregate cash distribution of $30,000,000 on the Trust’s Class A Liquidation Trust Interests (the
“Class A Interests”). This amount includes a reserve of approximately $469,000 for the issuance of
additional Class A Interests based on estimated bankruptcy claims subject to future allowance pursuant to
the First Amended Joint Chapter 11 Plan of Liquidation dated August 22, 2018 of Woodbridge Group of
Companies, LLC and its Affiliated Debtors (the “Plan”).
The distribution amounts to $2.56 per Class A Interest, and will be paid on or about November 6, 2020 to
holders of record of Class A Interests as of close of business on Friday, October 30, 2020.
Regarding the distribution, the Trust’s Liquidation Trustee Michael Goldberg said, “I am pleased to be
able to announce this additional interim distribution to our holders. We continue to anticipate making
additional distributions in the future from time to time.”
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thanks for this
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