Q: Do all the Publicly Traded Partnerships (PTPs) you recommend send out K-1s each year to all shareholders or does each shareholder have to access the websites in order to get the information needed?

A: The major US PTPs we recommend all send out a K-1 package to unitholders by mail each year. In most cases, you can also download your K-1 from the company’s websites and in some instances you can import the necessary data from your K-1 form directly into a tax preparation package such as TurboTax. In most cases you should receive your K-1 forms in March or earlier.

As tax time draws near we will be providing information on projected K-1 mail dates for the PTPs we recommend as well as the websites for downloading K-1s and individual company’s K-1 help lines for those seeking help understanding their K-1s.