The information contained herein serves as a guideline and is only provided for general informational purposes. It should not be considered as offering any tax advice. Since tax laws are complex, you should consult your tax advisor on specific issues related to your tax situation.
Obtain Schedule K-1 Online
Unitholders can obtain their Schedule K-1s for the taxable year 2012 by visiting the AllianceBernstein Tax Support website at www.taxpackagesupport.com/ab.
AllianceBernstein Holding L.P. (“AllianceBernstein”) is a publicly traded limited partnership whose Units are listed on the New York Stock Exchange (NYSE: AB). Investors, generally referred to as Unitholders, own limited partnership interests in the holding company, AllianceBernstein Holding. AllianceBernstein Holding owns approximately a 37.8% interest in AllianceBernstein L.P. (“AllianceBernstein”). AllianceBernstein is a private limited partnership that conducts the diversified investment management services business.
As a limited partner, a Unitholder of AllianceBernstein Holding is required to report the pro rata share of AllianceBernstein Holding’s taxable income on individual income tax returns as though the Unitholder had incurred such items directly. Each Unitholder’s pro rata share of AllianceBernstein Holding’s taxable income is reported on a Schedule K-1 for the taxable year, which is mailed to all Unitholders on or before March 1 of the following year. Cash distributions received from AllianceBernstein Holding should not be reported as taxable income even though the cash distributions may be shown on a statement issued by your broker.
Each Unitholder’s share of the partnership’s taxable income, as reported on the Schedule K-1, increases the “tax basis” of the Units owned. Likewise, the quarterly cash distributions AllianceBernstein Holding pays to its Unitholders reduce the “tax basis” of the Units owned. These adjustments to your original “tax basis” are maintained by the AllianceBernstein Tax Department. The cumulative “tax basis” adjustment will be provided by the AllianceBernstein Tax Department in the year the Units are sold.
Any capital gain or loss realized upon the sale or other disposition of the Units is calculated by subtracting the Unitholder’s “tax basis” from the sales proceeds.