What is NuStar Energy L.P.’s trading symbol and on which exchange is it listed?
What is a Master Limited Partnership (MLP)?
Who invests in MLP units?
What are the tax implications of ownership?
While MLPs do not pay any federal income tax, each unitholder is required to report their share of partnership income, gains, losses, deductions and credits on their income tax return. Each year, an MLP provides each unitholder with this information on Schedule K-1 for the previous fiscal year. The K-1 is typically available online in early March and mailed shortly thereafter. A press release is issued notifying the investor base of their K-1 availability.
Information on the K-1s for NuStar Energy L.P. can be found by clicking on the links below or by contacting NuStar’s K-1 Support:
NuStar L.P. Common Unit K-1 Support: (800) 310-6595
Click here for NuStar Energy L.P. Common Unit K-1 tax information.
NuStar L.P. Preferred Unit K-1 Support: (844) 364-7560
Click here for NuStar Energy L.P. Preferred Unit K-1 tax information.
Will non-U.S. unitholders be subject to the U.S. withholding tax with respect to their income and gain from owning NuStar Energy LP units, under 1446?
Non-U.S. unitholders are subject to U.S. federal income tax on income effectively connected with a U.S. trade or business (effectively connected income). A unitholder’s share of our income, gain, loss and deduction, and any gain from the sale or disposition of our units will generally be considered to be effectively connected income and subject to U.S. federal income tax.
Moreover, the transferee of an interest in a partnership that is engaged in a U.S. trade or business is generally required to withhold 10% of the amount realized by the transferor unless the transferor certifies that it is not a foreign person. Treasury regulations provide that the “amount realized” on a transfer of an interest in a publicly traded partnership will generally be the amount of gross proceeds paid to the broker effecting the applicable transfer on behalf of the transferor. The Treasury regulations further provide that withholding on a transfer of an interest in a publicly traded partnership will not be imposed on a transfer that occurs prior to January 1, 2023, and after that date, if effected through a broker, the obligation to withhold is imposed on the transferor’s broker.
Non-U.S. unitholders are subject to U.S. federal income tax on income effectively connected with a U.S. trade or business (effectively connected income). Unitholders should treat one hundred percent of the distributions from NuStar Energy LP as being in excess of cumulative net income for purpose of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). Applicable to unitholders of class of units listed below:
|NYSE Ticker Symbol||NS||CUSIP: 67058H102|
|NYSE Ticker Symbol||NS-PA||CUSIP: 67058H201|
|NYSE Ticker Symbol||NS-PB||CUSIP: 67058H300|
|NYSE Ticker Symbol||NS-PC||CUSIP: 67058H409|
|NuStar Preferred D||CUSIP: 67058H607|
How do I purchase MLP units?
When are MLP distributions paid?
Does NuStar have a direct investment plan or a distribution re-investment plan (DRIP) available?
How do I obtain copies of NuStar’s annual report and other SEC filings?
Investors may also request a paper copy of NuStar’s Annual Report on Form 10-K (including complete audited financial statements) at no charge, by writing to:
Investor Relations Department
P.O. Box 781609
San Antonio, TX 78278
Who is NuStar’s transfer agent?
Shareholder Communications Team
P.O. Box 43006
Providence, RI 02940-3006 USA
Phone: (888) 726-7784
How may I contact Investor Relations?
P.O. Box 781609
San Antonio, TX 78278
Phone: (800) 866-9060 or (210) 918-INVR (4687)
Fax: (210) 918-5421
For additional information on MLPs, we encourage you to visit the Master Limited Partnership Association (MLPA) Web site at www.mlpassociation.org.