2018 K-1 Distribution
The 2018 tax package is expected to be available online around March 21, 2019 and will be mailed out at the same time.
Teekay LNG election to be treated as a corporation for US tax purposes
Effective January 1, 2019 Teekay LNG elected to be treated as a corporation, instead of a partnership, for US federal income tax purposes. A discussion of the tax impacts of the election on holders of common units can be found on pages 9 to 20 of the proxy statement that was mailed to holders, a copy of which can be found below. The 2018 tax impacts of the election will be reflected in the 2018 K-1 issued to each holder of common units. The proxy statement also discusses the taxation of holders of common units following the election. Please note that due to the conversion of Teekay LNG from a partnership to a corporation, your Teekay LNG partnership units will be converted to Teekay LNG corporate units. Therefore, your 2018 K-1 will show zero partnership units at the end of the year.
Click here to access the TGP Proxy 6-K online.
Teekay LNG Series A Preferred Units – tax treatment of 2018 and earlier year distributions
For tax purposes only, Teekay LNG intends to treat distributions on the Series A Preferred Units as “guaranteed payments for the use of capital”, which generally will be 100% taxable to the holders of Series A Preferred Units as ordinary income. For more detail, please refer to the prospectus supplement dated September 28, 2016 and filed with the US Securities and Exchange Commission on September 30, 2016, including limitations regarding the applicability of this information.
Teekay LNG Series B Preferred Units – tax treatment of 2018 distributions
For tax purposes only, Teekay LNG intends to treat distributions on the Series B Preferred Units as “guaranteed payments for the use of capital”, which generally will be 100% taxable to the holders of Series B Preferred Units as ordinary income. For more detail, please refer to the prospectus supplement dated October 16, 2017 and filed with the US Securities and Exchange Commission on October 17, 2017, including limitations regarding the applicability of this information.
- 2018
- 2017
- 2016
- 2015
- 2014
None of the distributions by the Partnership in 2018 will include any “effectively connected income”. This statement constitutes a “qualified notice” as provided in the Internal Revenue Code and Regulations thereunder.
None of the distributions by the Partnership in 2017 will include any “effectively connected income”. This statement constitutes a “qualified notice” as provided in the Internal Revenue Code and Regulations thereunder.
2017 K-1 Distribution
The 2017 tax package is now available online as at March 19, 2018 and is in the process of being mailed out.
Tax information for 2017 is now available online.
Click here to access Teekay LNG Partners LP K-1s online.K-1 Helpline
If you have any further questions regarding your K-1 package, please call our K-1 Helpline at:
- Teekay LNG Partners L.P. Common Units – (866) 867-4071
- Teekay LNG Partners L.P. Series A Preferred Units – (844) 364-7563
- Teekay LNG Partners L.P. Series B Preferred Units – (844) 364-7563
Teekay LNG Series A Preferred Units – tax treatment of distributions
For tax purposes only, Teekay LNG intends to treat distributions on the Series A Preferred Units as “guaranteed payments for the use of capital”, which generally will be 100% taxable to the holders of Series A Preferred Units as ordinary income. For more detail, please refer to the prospectus supplement dated September 28, 2016 and filed with the US Securities and Exchange Commission on September 30, 2016, including limitations regarding the applicability of this information. This anticipated treatment may change for circumstances arising after the date of the prospectus supplement.
Teekay LNG Series B Preferred Units – tax treatment of distributions
For tax purposes only, Teekay LNG intends to treat distributions on the Series B Preferred Units as “guaranteed payments for the use of capital”, which generally will be 100% taxable to the holders of Series B Preferred Units as ordinary income. For more detail, please refer to the prospectus supplement dated October 16, 2017 and filed with the US Securities and Exchange Commission on October 17, 2017, including limitations regarding the applicability of this information. This anticipated treatment may change for circumstances arising after the date of the prospectus supplement.
Access: K-1 tax information for 2016 is now available online.
Click here to access Teekay LNG Partners LP K-1s online.2016 K-1 Distribution
The 2016 tax package is now available online as at March 16, 2017 and is in the process of being mailed out.K-1 Helpline
If you have any further questions regarding your K-1 package, please call our K-1 Helpline at:- Teekay LNG Partners L.P. Common Units – (866) 867-4071
- Teekay LNG Partners L.P. Series A Preferred Units – (844) 364-7563