Federal and State Income Taxes

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Federal and State Income Taxes

10. Federal and State Income Taxes

The Liquidating Trust is treated as a partnership for federal and state income tax purposes. Accordingly, no provision or benefit for income taxes is made in the consolidated financial statements. All distributions from the Liquidating Trust in 2017 and 2016 are considered a return of capital for tax purposes. Unitholders will receive a Schedule K-1 from the Liquidating Trust annually reflecting their allocable share of the Liquidating Trust’s income, loss, gains and deductions.