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Table of ContentsUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549Form 10Q QUARTERLYREPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly
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What is common units?
Common units represent shares of ownership in a company or partnership, commonly found in master limited partnerships (MLPs).
Who is required to file common units?
Investors who own common units in a company are required to file common units on their tax return.
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Common units are typically reported on Schedule K-1, which is provided by the company or partnership in which the units are owned.
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The purpose of common units is to give investors a stake in the company's profits and losses, as well as voting rights in certain matters.
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Information such as income, deductions, credits, and other tax-related items must be reported on common units.
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