As you prepare for the 2011 tax season, please consider this important information. Due to the Economic Stabilization Act of 2008 and the IRS mandated reporting of cost basis, this tax season will not be like previous ones. By being aware of these changes, you will know how best to plan and set expectations.
Through the years, I’ve utilized limited partnerships in investment portfolios. These investments generate a schedule K-1. The Schedule K-1 is a tax document issued for an investment in partnership interests. The purpose of the Schedule K-1 is to report your share of the partnership’s income, deductions and credits. It is issued around the same time as Form 1099 and serves a similar purpose for tax reporting.
|Limited Partnership||Ticker||Expected Date Online||Tax Package Support Phone Number||Tax Package Support Fax Number||Tax Web Site|
|Energy Transfer Partners LP||ETP||2/21/2012||(800) 792-7904||(866) 554-3842||https://www.taxpackagesupport.com/etp|
|Enterprise Products Partners L.P.||EPD||3/21/2012||(800) 599-9985||(866) 554-3842||https://www.taxpackagesupport.com/enterprise|
|Kinder Morgan Energy Partners, LP||KMP||2/16/2012||(800) 232-1627||(866) 554-3842||https://www.taxpackagesupport.com/kinder|
|LINN Energy, LLC||LINE||Mid-March||(800) 203-5179||(866) 554-3842||https://www.taxpackagesupport.com/linnenergy|
|Magellan Midstream Partners, L.P.||MMP||2/23/2012||(800) 230-1032||(866) 554-3842||https://www.taxpackagesupport.com/mmp|
|NuStar Energy, LP (NS)||NS||3/2/2012||(800) 310-6595||(866) 554-3842||https://www.taxpackagesupport.com/nustarlp|
|ONEOK Partners, L.P.||OKS||2/23/2012||(800) 371-2188||(866) 554-3842||https://www.taxpackagesupport.com/oneok|
|Plains All American Pipeline, L.P.||PAA||2/29/2012||(866) 872-2829||(866) 554-3842||https://www.taxpackagesupport.com/plainsallamerican|
|Suburban Propane Partners, L.P.||SPH||2/17/2012||(888) 878-0708||(973) 503-9297||https://www.taxpackagesupport.com/suburban|
|Teekay LNG Partners, LP||TOO||Mid-March||(866) 867-4071||(866) 554-3842||https://www.taxpackagesupport.com/teekay|
|W.P. Carey & Co. LLC||WPC||2/15/2012||(800) 593-8081||(866) 554-3842||https://www.taxpackagesupport.com/carey|
|Williams Partners L.P.||WPZ||2/29/2012||(866) 867-4074||(866) 554-3842||https://www.taxpackagesupport.com/williams|
For a larger list, please visit http://www.k1support.com/
Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. While we are familiar with the tax provisions of the issues presented herein, we are not qualified to render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.