Star Group, L.P. (formerly Star Gas Partners, L.P.) is a limited partnership that has approved an election to be treated as a corporation for U.S. federal income tax purposes effective November 1, 2017. Common units, representing limited partner interests in the Partnership, are listed and trade on the New York Stock Exchange ("NYSE") under the symbol "SGU." For Partnership activity through October 31, 2017, our unitholders are required to report for U.S. federal income tax purposes their allocable share of our income, gains, losses, deductions and credits, regardless of whether we make cash distributions. This activity will be reported on final 2017 Schedules K-1, which will be issued in March of 2018. After that, the Partnership will no longer issue Schedules K-1.
Cash distributions made on or after November 1, 2017, by Star Group, L.P. to its unitholders will be treated like dividends paid by a corporation and will be reported on Form 1099-DIV and may be subject to U.S. federal income tax, as well as any applicable state or local income tax.
At the present time, Star Group does not anticipate declaring any distributions between November 1, 2017 and December 31, 2017, so our unitholders should receive only a Schedule K-1 for calendar year 2017, and will receive a Form 1099-DIV for calendar year 2018 and future years.
Unitholders can view their Schedules K-1 online at www.taxpackagesupport.com/stargas. Should you have any questions regarding your Schedule K-1, please contact the Tax Package Support Line at 800-310-3022.