DBSI Liquidating Trusts

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Frequently Asked Questions

FEDERAL INCOME TAX CONSEQUENCES
[+] Will I receive a K1 for 2010?
[+] How is the Liquidating Trust generally treated for federal income tax purposes?
[+] What is the income tax treatment of the initial transfers to the Liquidating Trust?
[+] What is the income tax significance of the valuation information supplied in this letter?
[+] Who is taxed on income or gains earned by the Liquidating Trust?
[+] What kind of tax return will be filed by the Liquidating Trust and what kind of annual tax statement will I receive from the Liquidating Trust?

QUESTIONS WE HAVE RECEIVED FROM TRUST BENEFICIARIES
[+] Is the beneficial interest the amount that I will receive?
[+] When can I look forward to receiving this money?
[+] Does the Liquidating Trust have the money in their accounts?
[+] I would like communications mailed to my Broker Dealer.
[+] When do I declare this on my taxes?
[+] My property is being managed by another group, so how am I involved with the DBSI bankruptcy?
[+] What will it cost me to receive the projected beneficial interest?
[+] Why not distribute the interest immediately instead of having the attorneys and other professionals eat up the dollars?
[+] What does the percentage % mean?
[+] Will I receive a K1 for 2010?
[+] Why is the percentage listed in the letter I received different from the ownership percentage of my investment?

TRANSFERABILITY OF BENEFICIAL INTEREST
[+] Is My Beneficial Interest Transferable?
[+] If I Qualify for a Permissible Transfer, What Do I need to Do?
[+] Is there as Cost to Make a Permissible Transfer?



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