Oaktree Capital Group, LLC is a publicly traded partnership. We are generally not subject to federal or state income tax. Instead, each partner is required to report its allocable share of our items of income, gain, loss, deduction or tax credit in the partner's income tax return.
2023 Schedule K-1 Tax Information
The tax year 2023 Schedule K-1 tax information for Series A Preferred units and Series B Preferred units are expected to be available at the end of March 2024. Upon release, you can view or download your 2023 Schedule K-1 tax information by clicking the link below. For login or other assistance related to the site and its contents, please contact Tax Package Support at 866-709-8178. Hard copies of the Schedule K-1 packages will also be mailed following the release at the end of March.
2023 Schedule K-3 Tax Information
Your tax year 2023 Schedule K-3 will be available by June 30, 2024. Upon release, you can view or download your 2023 Schedule K-3 tax information by clicking the link below.
Some unitholders (primarily foreign unitholders as well as certain corporate and/or partnership unitholders) may need the detailed information disclosed on the new Schedule K-3 for their specific reporting requirements. To the extent Schedule K-3 is applicable to your federal income tax return filing needs, we encourage you to review the information contained on this form and refer to the appropriate federal laws and guidance, or consult with your tax advisor.
IRC Section 1446(f)
As it relates to the applicability of withholding under IRC §1446(f) beginning January 1, 2023, Oaktree Capital Group, LLC is not engaged in a U.S. trade or business and therefore meets the exception to 10% withholding provided for in Treasury Regulation §1.1446(f)-4. Please refer to the 92 Day Qualified Notice posted on the Distributions page.
September 2019 Oaktree / Brookfield Merger
The merger is a fully taxable transaction to holders of Oaktree Class A units on the NYSE (Ticker: OAK) for U.S. federal income tax purposes, regardless of the consideration received (cash and/or Brookfield Class A shares). Your initial tax basis in your Brookfield Class A shares acquired in the merger will equal the fair market value of such Brookfield Class A shares at the time of closing on September 30, 2019. The closing price of the Brookfield Class A shares on September 30, 2019 was US$53.09 on the NYSE (Ticker: BAM). For further details on the U.S. tax treatment of the merger, please refer to pages 166-173 of Oaktree's Schedule 14A with respect to the Brookfield Class A shares issued in connection with this transaction.
As a result of the September 2019 merger, final Class A Schedule K-1 tax information for tax year 2019 was distributed to Class A unitholders on March 19, 2020.
Schedule K-1 for Tax Years 2022 and Prior
You can also obtain a copy of your Schedule K-1 tax information for 2022 and prior years by clicking on the link below, or by contacting Tax Package Support at 866-709-8178.