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[#1]

Brookfield Renewable Partners LP is a PTP that has a foreign address in Bermuda. I am receiving this diagnostic because Lacerte doesn't like that there is no zip code. How do I get around this? Do I just ignore it and disable efile errors in efile tools before filing?

[BobKamman]

What is the tax nature of the income earned by Brookfield Renewable Partners?

Brookfield Renewable Partners is a publicly traded partnership that does not earn active business income. Instead, Brookfield Renewable Partners receives various types of passive investment income, such as interest, dividends and return of capital, from subsidiary corporations that carry on business in various jurisdictions.

The amount of interest, dividends and returns of capital that is earned and then allocated to unitholders will vary depending upon the particular business unit(s) from which funds are sourced. The source of funds for the distributions will also affect how much if any of the distributions are subject to withholding tax.

A significant portion of Brookfield Renewable Partners’ distributions are eligible to be treated as nontaxable return of capital distributions for U.S. tax purposes. A significant portion of Brookfield Renewable Partners’ dividends are “qualified dividends” and therefore eligible for a preferential U.S. income tax rate (for individuals). ²

What is Brookfield Renewable Partners’ Partnership ID Number?

Brookfield Renewable Partners’ U.S. tax identification number (Employer Identification Number) is 98-1015903.

https://bep.brookfield.com/bep/stock-distributions/tax-information