Federal income tax law states that limited partnerships such as AllianceBernstein Holding are required to issue a Schedule K-1 to each Unitholder to report each Unitholder’s pro rata share of the partnership’s taxable income. Unitholders will use Schedule K-1 in preparing their individual tax forms.

A Form 1099 issued by your broker should not be used to report your pro rata share of the partnership’s taxable income on individual tax forms. A Form 1099 is sent by your broker and may include information with respect to cash distributions from partnerships are not typically reported by brokers on Form 1099.

The Schedule K-1 reports each Unitholder’s pro rata share of AllianceBernstein Holding’s taxable income. This income is generally taxable at each individual’s ordinary federal income tax rate and should be reported on the individual tax return. (The Tax Fact Sheet provides more information and an example.) As a partnership, Alliance Bernstein Holding does not pay out dividends, but instead pays a quarterly cash distribution. The cash distribution is not considered to be taxable income or dividend income for the Unitholder but rather a return of capital. AllianceBernstein Holding’s cash distribution is not categorized by federal tax laws as dividend income, which is what a Form 1099 reports.

The cash distributions received from AllianceBernstein Holding should not be reported anywhere on the individual’s tax forms .

AllianceBernstein’s Tax Department strives to mail the Schedule K-1s on or before March 1, but it relies on reporting from brokers and financial institutions, which may cause delay in reporting to Unitholders.

The date required for mailing a Form 1099 is January 31, but the IRS does not have a similar requirement for Schedule K-1s.

AllianceBernstein’s Tax Department strives to mail the Schedule K-1s on or before March 1, so that Unitholders may file their individual returns in a timely manner.

Unitholders can typically obtain their Schedule K-1s for the taxable year at the end of February of the following year by visiting the AllianceBernstein Tax website at www.taxpackagesupport.com/ab.

Federal tax law requires that a Schedule K-1 be sent to every Unitholder. If the Schedule K-1 reports that the account is for an IRA, the amounts are not reportable on your individual income tax return.

However, you may have other tax consequences. Please consult a tax advisor for assistance with respect to these tax consequences.

The cash distribution AllianceBernstein Holding pays to its Unitholders on a quarterly basis is determined based on AllianceBernstein Holding’s available cash flow and is considered a return of capital to the Unitholder for tax purposes.

The cash distributions received from AllianceBernstein Holding should not be reported anywhere on the individual’s tax forms.

No. Generally, the quarterly cash distribution is considered to be a return of capital for tax purposes, and as noted in the question "How is the tax basis calculated?", reduces the ”tax basis” in AllianceBernstein Holding Units.

The cash distributions received from AllianceBernstein Holding should not be reported anywhere on the individual’s tax forms.

Please click here to view the cash distribution amounts paid for AllianceBernstein.

The cash distribution reported on the Schedule K-1 is not to be reported anywhere on your individual federal tax filing.

Schedule K-1s are sent to every investor who holds Units for any portion of time during the previous year.

Units received through inheritance are subject to special valuation rules. Contact the broker through which the original purchase was made for information about how to handle the transfer correctly. If the Units are held in certificate form, contact AllianceBernstein Holding’s transfer agent, Mellon Investor Services, to handle the transfer correctly. Additionally, you should contact a tax advisor.

A significant portion of income reported by AllianceBernstein Holding is considered UBTI, which will have certain tax consequences if the Units are held by a tax-exempt entity including an IRA, pension plan or profit sharing plan. You should consult your tax advisor if you own AllianceBernstein Holding Units in these types of entities.

No.

These adjustments to your original tax basis are maintained by the AllianceBernstein Tax Department. The cumulative “tax basis” adjustment will be provided to you by the AllianceBernstein Tax Department in the year that the units are sold.

The partnership’s taxable income is based on the reported book income adjusted for various differences mandated by the tax law. In addition, the partnership’s taxable income reported by its Unitholders is reduced by the goodwill amortization discussed in the Unitholder Tax Fact Sheet.

In the case of AllianceBernstein Holding, the capital account is an estimate of your tax basis in your AllianceBernstein Holding Units using certain amounts obtained from third parties and adjusted for your pro rata share of partnership items. You should verify your original tax basis from your records or with your broker in the year you sell your Units. As noted in the question "How is the tax basis calculated?", AllianceBernstein will provide cumulative “tax basis” adjustments.

The Ownership Schedule provides the details of your ownership history of AllianceBernstein Holding Units. You should verify the correct number of Units on the Ownership Schedule. Any corrections to the Ownership Schedule can be made directly through the AllianceBernstein Tax web site at www.k1support.com/allianceholding or can be made by contacting the AllianceBernstein Tax Department at 800-526-3132 or via email @ k1help@alliancebernstein.com.

The amount on line 22 on Schedule K-1 should equal the total cash distributions received for the year. Amounts reported on Schedule K-1 will not be accurate unless the number of units owned shown on the Ownership Schedule is correct.