ONEOK Partners units are traded on the New York Stock Exchange (NYSE: OKS), and can be purchased through a broker, other financial institution or brokerage house. ONEOK Partners does not have a direct purchase plan.
ONEOK Partners is a publicly traded master limited partnership (MLP). Investors in MLPs receive a K-1 form during tax season, instead of a 1099, which provides information necessary for their tax return.
To learn more about MLPs, visit www.mlpassociation.org.
ONEOK Partners, L.P. (NYSE: OKS) is a publicly traded master limited partnership. As such, unitholders are limited partners in ONEOK Partners as opposed to stockholders in a corporation. A partnership is generally not subject to federal or state income tax. Instead, each partner is required to report their allocable share of ONEOK Partners' taxable income, gain, deduction or loss on their individual income tax returns.
ONEOK Partners, L.P. determines taxable income annually and allocates it to each partner in accordance with their particular percentage interest in the partnership, without regard to the amount of cash distributions. Cash distributed during the year may be more or less than the amount of taxable income allocated. Generally cash distributions are considered a return of capital and reduce the tax basis of a limited partner's units.
2016 K-1 information is expected to be available online March 2, 2017, please visit the ONEOK Partners K-1 Tax Reporting Website to download your K-1. ONEOK Partners, L.P. will mail 2016 Tax Packages, including schedule K-1s, directly to unitholders by March 7, 2017. If you have questions regarding your tax package, please call our Tax Package Support Center at 1-800-371-2188.
ONEOK Partners, L.P. is required to furnish each unitholder with a tax package, which includes a Schedule K-1 that describes the unitholder's respective share of ONEOK Partners' income, gain, loss and deductions for the tax year specified. Receipt of Schedule K-1 is not proof of ownership of common units and this fact is stated on the form. For specific questions regarding your ownership of common units in the partnership, please contact the brokerage firm holding your units. Registered unitholders should contact Wells Fargo Investor Services, the transfer agent, for inquiries.
The following information is provided for your general guidance. The information is not intended to be, nor should it be construed as, the rendering of professional or legal tax advice. The tax information discussed below is based on existing U.S. federal and state laws and regulations as interpreted by the General Partner. Before undertaking any tax filing, we strongly recommend that you refer to the appropriate federal and state income tax laws or consult with your personal tax advisor.
ONEOK Partners K-1 Tax Reporting Website.