Fri, Feb 27, 2015, 5:50 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Energy Transfer Partners, L.P. Message Board

  • dmgeorge1 dmgeorge1 Mar 14, 2013 6:39 PM Flag

    K-1 What's up?

    Received my K-1 for ETP today. It says not to use Part III of the form but to use the Supplemental K-1 Information Statement.
    I understand the supplemental information for Part III but what about Part I and II?
    I see the FEIN number for each of the other two partnerships but no information beyond that. Nothing for Part I B, C and D. nothing for anything in Part II.
    Any thoughts on how this is handled? I use Turbo Tax and have not had any issues with K-1s in the past but this is new ground for me.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The part II data only apply to ETP as you only own ETP units. Create a separate K-1 for each of the subsidiary companies and title the K-1 for APU, SXL, ect as "Amerigas Partners LP ref ETP". That way you know that information is referenced to ETP. As to part I data - you only need the name and tax ID number. The address goes nowhere. It is only for your personal use.

    • I started working on mine this morning, total time to finish (with distractions) less than an hour. I use Turbo Tax and this is the most dificult K1 I have ever done, or should I say the most difficult three K1s I have ever done. As I see it you must fill out separate K1s for ETP, SXL, APU. Turbo Tax is great but I am finding that I am leaving many of the questions blank. I have found this to work best if it is not clear on the K1. When I get questioned by the IRS I just send them a letter saying "how the hell can I understand this, here is the copy of the K1". Let them deal with it, worked well in the past.

      • 1 Reply to mac94921
      • Whoah - now I am really confused. I got my K-1's from ETP - OK got that. I only own units / shares in ETP. Then, why do I have to look at the SXL and APU data as well.

        Next, I am using TurboTax as well - but do I need to fill out a K-1 or use the K-1's to fill out a Schedule E.

        This is my first year of owning ETP and I am quite baffled. For starters; can anyone tell me which forms that I am supposed to use.

59.48+0.99(+1.69%)Feb 27 4:03 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.