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Form 1099-CAP online Orange Florida: What You Should Know

STRAIGHT PERSONAL PROPERTY TRANSACTIONS You must file a report with the Florida Department of Revenue about any of the following types of transactions: 1) a tax haven disposition of personal property (for additional information, contact the DEPARTMENT OF REVENUE HOTLINE 1.888.561.5777 Fax: 1.800.937.1039). 2) the ownership at the time of transfer, after transfer, of a trust (for additional information, contact the DEPARTMENT OF REVENUE HOTLINE 1.888.561.5777 Fax: 1.800.937.1039). 3) an inheritance through a trust (for additional information, contact the DEPARTMENT OF REVENUE HOTLINE 1.888.561.5777 Fax: 1.800.937.1039). 4) property acquired directly and beneficially (for additional information, contact the DEPARTMENT OF REVENUE HOTLINE 1.888.561.5777 Fax: 1.800.937.1039). 5) the receipt of a contribution from a non-financial entity without the benefit (for additional information, contact the DEPARTMENT OF REVENUE HOTLINE 1.888.561.5777 Fax: 1.800.937.1039). 6) a grant, loan, or transfer (for additional information, contact the DEPARTMENT OF REVENUE HOTLINE 1.888.561.5777 Fax: 1.800.937.1039). If you have questions about the confidentiality or reporting requirements, contact the Department of Revenue Hotline at 1.800.937.1039. The department may require you to take additional, additional, or different tests. Facts about the STRAIGHT PERSONAL PROPERTY DEPOSIT TREATMENT. A. What is a STRAIGHT PERSONAL PROPERTY DEPOSIT TREATMENT The purpose of a STRAIGHT PERSONAL PROPERTY DEPOSIT TREATMENT is to help prevent adverse tax consequences or disincentives to future business ventures for persons who receive distributions from a personal trust that are substantially in addition to their distributive share in the trust. A. 1. A person's personal property can be considered if it may be used to satisfy the minimum requirements for qualification or for the operation of a trade or business.

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