Distributions
Cash distributions were made in 2024 by Teekay Corporation Ltd., and the distributions to U.S. unitholders will be treated as a dividend for U.S. federal income tax purposes in 2024 due to the fact that the distributions come from current earnings and profits (E&P) of Teekay Corporation Ltd. United States Internal Revenue Service Form 1099 will be distributed to U.S. Shareholders in 2024.
Tax Forms
2025 UK Tax Strategy – Teekay Group
Disclaimer
Related comments are intended as general information only and do not constitute tax advice. This information was not written or intended to be used, and it cannot be used, by any person as a basis for avoiding federal tax penalties that may be imposed on that person. Shareholders should consult their own tax advisors with respect to the specific tax consequences to them.
Teekay Corporation Ltd. makes no warranty either expressed or implied regarding any tax issues of its shareholders.
IRC §6045B Reporting
- 2024
Teekay Corporation Ltd. (Teekay Corp) (NYSE:TK), was not required to file Form 8937 pursuant to Internal Revenue Code Section 6045B as there was no return of capital in respect of the 2024 distributions.