Tax Law (Questions About Taxes)/Schedule K-1 (1065 form)


I have Linn Energy, LLC stocks thru Edward D Jones Co. for my part of my retirement stocks. EDJ pays me a monthly retirement from my stocks quarterly investment dividends.
My tax person says I have to file this K-1 tax form I received (with Edward D Jones Co custodian and FBO (with my name) addressed to) to the IRS and Edward Jones said I do not need to file this K-1 to IRS. Help!!


Thanks for your question.

Assuming that the Linn Energy stocks are included in a qualified retirement plan, you do not have to report the K-1 on your 1040 as it is included in the 1099-R that you receive from Edward Jones. However, if it is not in a qualified plan, you would report it on your 1040.

Hope this helps.

John Stancil, CPA

Tax Law (Questions About Taxes)

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John Stancil, CPA


I can answer questions on personal income taxes, partnerships, and some corporate income taxes. I can deal with some state tax questions. Limited gift and estate tax questions. I am also familiar with ministerial and church tax reporting issues. I am Professor Emeritus at Florida Southern College. Sales taxes and property taxes are state and local issues so I am not likely be be able to give you an in depth answer on those types of taxes. I have maintained a CPA practice, specializing in tax, for over 35 years. I am a member of the National Association of Tax Professionals, The Florida Insititute of CPA's, The NCPE Fellowship. In addition I am a Certified Mentor for SCORE. Visit my website at I also offer seminars and consultations to churches and clergy on their tax issues at Also visit my blog, I am listed on Tax Connections at Prepare and file your own taxes at


I hold a doctorate in Accounting, and am a CPA. My certifications of CIA, CFM, and CMA are inactive. I passed all certification examinations on the first attempt, and received honorable mention for my scores on the CIA exam. I have operated a CPA firm for over 37 years and have taught accounting and tax at the college level for over 35 years.

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DBA University of Memphis MBA University of Georgia BS in Accounting Mars Hill University

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