Q: I am interested in partnerships but I notice by my work as a tax preparer that many partnerships do not issue their K-1s before April 15th and I am not sure if it is worth the trouble to have to file extensions each year. Are there certain partnerships that are good investments that generally issue their K-1s before April 15th?

A: Late mailings of K-1s can be an issue with some foreign and private partnerships but the US PTPs in our coverage universe all send their K-1 forms out to unitholders before April 15th.

Generally, you will receive your K-1s in the month of March. If you do not receive all your K-1s by the end of March, you may be able to download your K-1s directly from the MLPs’ individual websites.