Decoding Tax Reporting for DSTs (Delaware Statutory Trusts) 03-13-2024
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Decoding Tax Reporting for DSTs (Delaware Statutory Trusts)
Presented by Larry Pon, CPA,
In this webinar, CPA Larry Pon, helps listeners navigate the intricate tax reporting landscape of DSTs. Delaware Statutory Trusts offer a unique investment avenue in real estate, pooling investor funds to acquire properties. As DST beneficiaries essentially hold real estate ownership, tax reporting deviates from standard investment practices. Larry delved into the specifics of the “substitute 1099” or grantor letter (Form 1041), contrasting it with the familiar Form 1065 Schedule K-1. Attendees learned how to accurately transfer information from this grantor letter to Schedule E (Form 1040) for reporting DST income, which is typically taxed as ordinary income.
Attendees Comments:
A few comments from listeners when they were asked what the learned from the webinar:
DSTs are a new areas for me. The course opened up another area to explore. This was an excellent presentation. Larry Pon is a great educator. For one thing, he sets the bar for what a tax advisor needs to know to assist his or her clients.
- Mark Z.
Good topic, lots of info- but the best piece was the companies that offer the DSTs. I was pitched by the wholesaler from Inland, but learned today about Cap Sqr., Asset Pres. ,etc.
- John B.
I appreciate the expertise given in the power point and teaching. Really well done. Thank you.
- Cinda J.
"This was a fairly new subject and needed the session to learn more. The entire session was a learning experience even though I've learned a little over the years as a preparer.
"
- Veda G.
DSTs are a new areas for me. The course opened up another area to explore. This was an excellent presentation. Larry Pon is a great educator. For one thing, he sets the bar for what a tax advisor needs to know to assist his or her clients.
- Mark Z.
Good topic, lots of info- but the best piece was the companies that offer the DSTs. I was pitched by the wholesaler from Inland, but learned today about Cap Sqr., Asset Pres. ,etc.
- John B.
I appreciate the expertise given in the power point and teaching. Really well done. Thank you.
- Cinda J.
"This was a fairly new subject and needed the session to learn more. The entire session was a learning experience even though I've learned a little over the years as a preparer.
"
- Veda G.
DSTs are a new areas for me. The course opened up another area to explore. This was an excellent presentation. Larry Pon is a great educator. For one thing, he sets the bar for what a tax advisor needs to know to assist his or her clients.
- Mark Z.
Good topic, lots of info- but the best piece was the companies that offer the DSTs. I was pitched by the wholesaler from Inland, but learned today about Cap Sqr., Asset Pres. ,etc.
- John B.
I appreciate the expertise given in the power point and teaching. Really well done. Thank you.
- Cinda J.
"This was a fairly new subject and needed the session to learn more. The entire session was a learning experience even though I've learned a little over the years as a preparer.
"
- Veda G.