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.
AllianceBernstein Holding L.P. (“AllianceBernstein Holding”) 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 35% interest in AllianceBernstein L.P. (“AllianceBernstein”). AllianceBernstein is a private limited partnership that conducts a diversified investment management services business.
As a limited partner, a Unitholder of AllianceBernstein Holding is required to report their 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.