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Linn Co, LLC Message Board

  • rlp2451 rlp2451 Jan 25, 2013 3:18 PM Flag

    LNCO Announces Estimated Tax Consequences of 2012 Dividends

    LinnCo, LLC (LNCO) announced today the estimated federal income tax characteristics of its 2012 cash distribution to holders of its Common Shares. The table below describes the distribution made by the Company in 2012 and the estimated reporting of such payments on United States Internal Revenue Service ("IRS") Form 1099-DIV. The Company is releasing information at this time to aid banks, brokerage firms, and institutional investors that are required to issue Form 1099s to their account holders. The final determination of the tax characteristics of 2012 cash distributions is not expected to be made until mid-March 2013, and at that time the Company will announce the final tax characteristics and post the corrected Form 8937 (if applicable).

    LinnCo, LLC -- Common Shares (CUSIP:535782-10-6)
    Record Date:11/07/2012

    Payment Date:11/15/2012

    Cash Distribution (per share): $0.71

    Percentage Reported as Total Ordinary Dividends in Box 1a of Form 1099-DIV: 13%
    Percentage Reported as Qualified Dividends in Box 1b of Form 1099-DIV: 13%
    Percentage Reported as Nondividend Distributions in Box 3 of Form 1099-DIV: 87%

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    • seems some investors don't like the tax characterizations since LINE and LNCO are moving in opposite directions today. strange don't undertsand.

    • Updated March 13, 2013:

      HOUSTON, March 13, 2013 (GLOBE NEWSWIRE) -- LinnCo, LLC (Nasdaq:LNCO) announced today the final determination of the federal income tax characteristics of its 2012 cash distribution to holders of its Common Shares. The table below describes the distribution made by the Company in 2012 and the reporting of such payments on United States Internal Revenue Service ("IRS") Form 1099-DIV. The Company is releasing this information to aid banks, brokerage firms, and institutional investors that are required to issue Form 1099s to their account holders.

      LinnCo, LLC Common Shares (CUSIP: 535782-10-6)


      Record
      Date

      Payment
      Date

      Cash
      Distribution
      (per share)

      Reported as
      Total Ordinary
      Dividends in
      Box 1a of
      Form 1099-DIV Reported as
      Qualified
      Dividends in
      Box 1b of
      Form 1099-DIV Reported as
      Nondividend
      Distributions in
      Box 3 of
      Form 1099-DIV
      11/07/2012 11/15/2012 $0.71 0% 0% 100%
      Total 2012 $0.71 0% 0% 100%

    • Does any one know how Nondividend Distribution are taxed?

 
LNCO
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