We owned LINE back in 2010. We got the k-1 that, in our case, showed a loss on Line V of the k-1. Fidelity said they were not going to file a Form 990 and with good reason. Line v was a loss and if we wanted to carry the loss forward, we'd have to file the Form 990 ourselves. We didn't and we sold at a SUBSTANTIAL profit in those days. We owned KMR and were not concerned about the 990. But, KMI should have sent out k-1's for KMP with instructions. I don't know whether they did or not as we were not KMP owners. If KMI did not send out k-1's, they should be liable for the interest and penalties IMO. But not the tax, of course.
Are you kidding? If anyone listens to a total waste of a clown who "honk honk's", bear noises, bull noises, bells and whistles noise, they effn get what they exactly they deserve. Would you or anyone else go into a financial adviser's office seeking advice and watch the bells and whistles and the throwing of chairs across the room and the constant SCREAMING? All this nitwit does is scream. This po s turned on KMI and helped crash it and ruin most of our investments. Repeating, if you take this clown's advice, you get EXACTLY what you deserve.