You may receive information reporting on Form 1099 which is also reported on the K-1.  For example, if you hold publicly traded units in a partnership, and the partnership does not pay out dividends but instead pays a quarterly cash distribution which is classified as return of capital and not dividend income, the amount will also be reported on Form 1099-DIV.  Distributions  from Canadian income or royalty trusts may be reported on Form 1099 or if treated as a partnership on the K-1.

In compliance with Treasury Department Circular 230, unless stated to the contrary, any information contained in this FAQ was not intended or written to be used and cannot be used for the purpose of avoiding tax penalties that may be imposed on any taxpayer.