Westlake Chemical Partners Provides 2023 Tax Information

Rhea-AI Summary

Westlake Chemical Partners LP (WLKP) announces the availability of 2023 Investor Tax Packages and Schedule K-1 for common unitholders, with potential changes based on pending tax legislation. Online access is provided for immediate retrieval and tax-related services.

HOUSTON--(BUSINESS WIRE)-- Westlake Chemical Partners LP (the “Partnership”) (NYSE: WLKP) today provided an update on the availability of the Partnership’s 2023 Investor Tax Packages including Schedule K-1 for its common unitholders.

The Partnership’s 2023 K-1 tax packages are now available. The information reported to you on Schedule K-1 is based on tax laws currently in effect for 2023. This information may be subject to change depending on actions taken by Congress and the President. If the Tax Relief for American Families and Workers Act of 2024 (H.R. 7024), which passed the House of Representatives on January 31, 2024 and is currently awaiting action in the Senate, were to become law, it may require us to make changes to our tax reporting for 2023. Such changes may affect the information reported to you on Schedule K-1.

Online K-1 Access

To obtain the Partnership’s 2023 Investor Tax Packages including Schedule K-1 immediately, sign-up for paperless K-1 delivery, view K-1s from previous years, update ownership information, estimate gain/loss calculations, or download files for Turbo Tax, visit the website at www.taxpackagesupport.com/wlkp.

About Westlake Chemical Partners:

Westlake Chemical Partners is a limited partnership formed by Westlake Corporation to operate, acquire and develop ethylene production facilities and other qualified assets. Headquartered in Houston, the Partnership owns an 22.8% interest in Westlake Chemical OpCo LP. Westlake Chemical OpCo LP's assets consist of three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana and an ethylene pipeline. For more information about Westlake Chemical Partners LP, please visit http://www.wlkpartners.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240314823320/en/

Media Relations – L. Ben Ederington – 713.585.2900

Investor Relations – Steve Bender – 713.585.2900

Source: Westlake Chemical Partners

FAQ

How can I access Westlake Chemical Partners LP's 2023 Investor Tax Packages and Schedule K-1?

You can access the 2023 Investor Tax Packages and Schedule K-1 for WLKP by visiting www.taxpackagesupport.com/wlkp.

What information is included in the 2023 Investor Tax Packages for Westlake Chemical Partners LP?

The information reported on Schedule K-1 is based on tax laws in effect for 2023 and may be subject to change based on pending legislation like the Tax Relief for American Families and Workers Act of 2024.

What potential changes may occur to the tax reporting for 2023 for Westlake Chemical Partners LP?

Pending legislation like the Tax Relief for American Families and Workers Act of 2024 may require changes to the tax reporting for 2023, impacting the information reported on Schedule K-1.

How does the pending legislation, H.R. 7024, impact Westlake Chemical Partners LP's tax reporting for 2023?

If the Tax Relief for American Families and Workers Act of 2024 becomes law, it may necessitate changes to the tax reporting for 2023, potentially affecting the information on Schedule K-1.