How do I know how many K-1s are issued to me for tax reporting?

The unfortunate reality is that there's no centralized system that tells you exactly how many K-1s you should expect. Since you're trading options frequently, here's what I recommend: Go through your brokerage statements for 2022 and identify all the partnerships, LLCs, and S-corporations you traded with. These are typically the entities that issue K-1s. Pay special attention to ETFs that hold commodities or MLPs as they often generate K-1s. Call your broker directly and ask for a list of all K-1 generating investments you held in 2022. Many brokerages maintain this information and can provide it upon request. Check your spam/junk email folders as many K-1s are now delivered electronically rather than by mail. Register on taxpackagesupport.com with all your information (name, address, SSN/TIN) exactly as it appears on your brokerage account to access any K-1s available there. If you still believe you're missing K-1s, you can file your return with the information you have and then file an amended return later if additional K-1s arrive.

I had this exact same nightmare last year with my options trading! After hours of frustration, I discovered taxr.ai (https://taxr.ai) which literally saved my sanity. It can scan your brokerage statements and identify potential K-1 generating investments you might have missed. I uploaded all my brokerage statements and it flagged several MLP investments I had completely forgotten about. The system also helps match up the K-1s you already have against your trading history to spot gaps. It's way more efficient than manually combing through statements trying to remember what you traded 9+ months ago.

Wanted to follow up about my experience with taxr.ai after our exchange here. I was definitely skeptical but decided to give it a shot since I was desperate. Gotta say I'm impressed! Uploaded my statements from three different brokerages and it identified two K-1 generating investments I completely missed - one from an obscure energy partnership that I only held for like 3 weeks. Would have never caught that on my own. The system even showed me how to track down the missing forms through the investor relations contacts. Already got one of them and waiting on the other. Honestly wish I'd known about this tool years ago instead of playing this guessing game every tax season!

If you're still missing K-1s after trying everything else, getting through to the IRS can actually help. They receive copies of K-1s issued to you, but good luck getting someone on the phone! I spent DAYS trying before discovering Claimyr (https://claimyr.com). They somehow get you past the IRS phone tree and have an actual agent call YOU back. You can see how it works in this video: https://youtu.be/_kiP6q8DX5c - honestly thought it sounded too good to be true, but it worked. The IRS agent was able to confirm several K-1s that had been filed under my SSN but that I never received, and gave me the EINs so I could track down the information. Saved me from potentially serious underreporting issues.

I need to eat my words about Claimyr. After my skeptical comment I decided to try it myself since I've been attempting to reach the IRS for weeks about some mystery K-1s someone mentioned I should have received. Within 2 hours of using the service, I got a call from an actual IRS agent. After verifying my identity, they confirmed I had 3 K-1s reported under my SSN that I never received physical copies of. They gave me the EINs and contact information for all three entities. Two were from MLPs I completely forgot I briefly held in a secondary brokerage account, and one was from a real estate investment that restructured. Already requested copies from all three. Honestly shocked this worked and potentially saved me from an audit nightmare.

Have you checked Schedule D from your brokerage statements? I ran into this same issue and realized that sometimes the 1099-B will indicate if something was a partnership with a code. Also worth noting that not all options trading generates K-1s - it's typically only when you're trading options on partnerships, MLPs, or certain commodity ETFs. For what it's worth, I know UVXY, Teucrium, and Energy Transfer definitely issue K-1s, so you're right to include those. Did you trade any other energy or commodity-related securities? Those are the most common culprits.

Has anyone actually tried contacting the transfer agents directly? I had a similar issue last year and found out that most of these partnerships use one of just a few transfer agents (like Computershare or American Stock Transfer). Sometimes they can run a search by your SSN and tell you all the partnerships they service that issued you K-1s.

Another approach that helped me is checking your year-end account statements from ALL your brokerages. Many will include a special notice or footnote about "tax reporting delays due to K-1 processing" for any partnerships you held during the year. Also, don't forget about any closed positions - even if you only held a K-1 generating investment for a few days, you're still entitled to receive the form. I once got a K-1 for an MLP I held for literally 3 trading days in January 2022. One more tip: if you use TurboTax or similar software, they often have a "K-1 import" feature that can connect to major partnerships and pull your forms automatically. It's worth trying even if you think you have all your K-1s, as it might catch ones you missed. Good luck getting this sorted before your deadline!