When will I receive a K-1?

If you hold shares or units in a publicly traded partnership such as a master limited partnership or a royalty trust, you will receive Schedule K-1 directly from the general partner or trust.

The K-1 reports your pro rata share of the partnership’s taxable income, gain, loss and deductions. This information is required to be reported on a Schedule K-1 by the partnership. Any income or expense, as well as distribution, from the partnership will adjust the cost basis of your holding…

You may receive information reporting on Form 1099 which is also reported on the K-1. For example, if you hold publicly traded units in a partnership, and the partnership does not pay out dividends but instead pays a quarterly cash distribution which is classified as return of capital and not dividend income, the amount will also be reported on Form 1099-DIV. Distributions from Canadian income or royalty trusts may be reported on Form 1099 or if treated as a partnership on the K-1…

The Hedge Fund Capital Introduction Program (HFCIP) allows IBKR clients who are an accredited investor or qualified purchaser to review information posted by participating hedge funds. Eligible investors with interest in a fund may contact the fund or request the fund contact them. If a hedge fund accepts the accredited investor or qualified purchaser as a client, the client can directly transfer investments from their IBKR accounts to a hedge fund’s account. Similarly, hedge funds can send redemptions to investors’ IBKR accounts through our platform…

If you hold shares or units in a publicly traded partnership such as a master limited partnership or a royalty trust, you will receive a Schedule K-1 directly from the general partner or trust.

The K-1 reports your pro rata share of the partnership’s taxable income, gain, loss and deductions. This information is required to be reported on a Schedule K-1 by the partnership. Any income or expense, as well as distribution, from the partnership will adjust the cost basis of your holding…