Past Offerings | Closed to New Investors

Tax Information for HGR Liquidating Trust

Formerly Hines Global REIT, Inc.

His­tor­i­cal Forms 1099-DIV

This sched­ule is being pro­vid­ed as a cour­tesy to assist share­hold­ers in cal­cu­lat­ing the tax basis of their shares. Share­hold­ers should con­sult their Forms 1099-DIV as pro­vid­ed pre­vi­ous­ly for each year for dol­lar amounts, and share­hold­ers should con­tact their tax advisors.


Title Date Download Link
Hines Global REIT - Information Based on Historical Forms 1099-DIV 03/29/2020 Download xlsx

Tax Impli­ca­tions of the Recent Liq­ui­dat­ing Dis­tri­b­u­tions1

The fol­low­ing Q&A and Cost Basis Cal­cu­la­tor are designed to help you under­stand the tax impli­ca­tions of the liq­ui­dat­ing dis­tri­b­u­tions total­ing $4.00 per share paid to share­hold­ers and any remain­ing liq­ui­dat­ing dis­tri­b­u­tions. Please note that this infor­ma­tion is pro­vid­ed for illus­tra­tive pur­pos­es only and to help give you a gen­er­al under­stand­ing of the con­se­quences of the recent liq­ui­dat­ing dis­tri­b­u­tions. We are not pro­vid­ing legal or tax advice. Share­hold­ers should con­tact their tax advi­sors for specifics regard­ing the tax­a­tion of their indi­vid­ual invest­ments. The ques­tions and answers are based on cer­tain assump­tions that may not be accurate.

1. Q: How will liq­ui­dat­ing dis­tri­b­u­tions be report­ed for tax pur­pos­es?
A: The liq­ui­dat­ing dis­tri­b­u­tions received in 2019, will be report­ed to share­hold­ers on their 2019 Form 1099-DIV. The liq­ui­dat­ing dis­tri­b­u­tions will be includ­ed in Box 9, Cash Liq­ui­da­tion Dis­tri­b­u­tions” on the 2019 1099-DIV which we expect to be mailed on or before Jan­u­ary 312019.

2. Q: What are the tax impli­ca­tions for Box 9, Cash Liq­ui­da­tion Dis­tri­b­u­tions” for Tax­able Accounts (such as indi­vid­ual or joint ten­ant type accounts)?
A: A Cash Liq­ui­da­tion Dis­tri­b­u­tion is a non-tax­able dis­tri­b­u­tion until such time that the total Cash Liq­ui­da­tion Dis­tri­b­u­tions received exceed the cost basis of the invest­ment. If the Cash Liq­ui­da­tion Dis­tri­b­u­tions exceed the cost basis, the por­tion of the Cash Liq­ui­da­tion Dis­tri­b­u­tions that exceeds basis is con­sid­ered a cap­i­tal gain and taxed accord­ing­ly. Whether you report the gain as a long-term or short-term cap­i­tal gain depends on how long you have held the stock.

  • If the Cash Liq­ui­da­tion Dis­tri­b­u­tions do not exceed the cost basis, then the full amount of the Cash Liq­ui­da­tion Dis­tri­b­u­tions will be non-taxable.
  • Even if the Cash Liq­ui­da­tion Dis­tri­b­u­tions do not exceed the cost basis, a loss can­not be rec­og­nized until the final liq­ui­dat­ing dis­tri­b­u­tion has been made and the account has been ful­ly liq­ui­dat­ed, which is not expect­ed to occur until lat­er in 2020.

3. Q: What are the tax impli­ca­tions for Box 9, Cash Liq­ui­da­tion Dis­tri­b­u­tions” for Non-Tax­able Accounts (such as IRAs)?
A: As long as the cash remains with­in the Qual­i­fied Account and is not dis­trib­uted out of the Qual­i­fied account, receipt of Cash Liq­ui­da­tion Dis­tri­b­u­tions by such an account gen­er­al­ly will not have any imme­di­ate tax implications.

4. Q: How do I cal­cu­late the cost basis of the investment?A: Use the cal­cu­la­tor below, or take the fol­low­ing steps to make the calculation:

  • Step 1: Use the total cost of the shares, includ­ing any costs of pur­chase such as com­mis­sions and fees. (The cost of any shares received pur­suant to the div­i­dend rein­vest­ment plan is equal to their val­ue on the date of receipt.)
  • Step 2: Reduce the total from Step 1 by all Non­div­i­dend Dis­tri­b­u­tions (Box 3 on Form 1099-DIV) report­ed while you owned the shares, as well as all Cash Liq­ui­da­tion Dis­tri­b­u­tions (Box 9 on Form 1099-DIV).

Accord­ing to IRS pro­nounce­ments, includ­ing IRS Pub­li­ca­tion 550 (excerpts of which are repro­duced below), the cal­cu­la­tions should gen­er­al­ly be com­put­ed sep­a­rate­ly for each block of shares owned by a tax­pay­er (i.e., shares acquired in mul­ti­ple trans­ac­tions at dif­fer­ent times), although use of an aver­age cost across mul­ti­ple blocks of stock is per­mit­ted in cer­tain cas­es. If you need assis­tance locat­ing the doc­u­ments or amounts required for Steps 1 and 2 above, please con­tact Hines Investor Ser­vices at 888.220.6121.

Cost Basis Calculator

Enter Cost of Shares


Enter Total Box 3 (Non Dividend Distributions) of 1099‑Div's here


Enter Total Box 9 of 2018 1099‑Div here


Enter Total Box 9 of 2019 1099‑Div here

Estimated Cost Basis Before Box 9 Liquidating Distributions

Estimated Gain/(Loss) After 2018 Box 9 Liquidating Distribution*

 

Estimated Gain/(Loss) After 2019 Box 9 Liquidating Distribution*

 

*See Q2 for timing of recognizing gain/(loss)