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we have no way of knowing if this is a beneficiary lettter with info to report for tax purposes or meary what's taken place in the trut

 

if this was a beneficiary letter, there should have been included instructions for reporting

 

tax reporting info see these links

https://gwgholdingstrust.com/wp-content/uploads/2023/08/Accessing-Your-Computershare-Account-Instruc... 

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https://gwgholdingstrust.com/ 

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Baker Tilly provides tax accounting services to the Trust and issuance of beneficiary letters (in lieu of K-1 or 1099 that would previously be submitted by the Company) on behalf of the Trust.

 

the trust is a grantor trust so you could enter the tax reporting info through a trust k-1

we have no way to know if those losses would be considered business losses for federal amd state purposes or investment expenses which are not deductible for federal purposes.

 

 

 

 

 

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