stock/k-1 question

[LE1972]

My husband has a Robinhood account and he had some Energy Transfer LP Common Unit S representing limited partner interests. He had $2.59 partnership distribution on 2/19/21. The notes at the top of the paperwork say "Also shown are distributions whose tax impact will be defined by other documentation. In the case of partnership distributions, you will receive Schedule K-1 (form 1065) directly from the partnership." 

We have not received a K-1 so I an unsure of how to list this information in turbo tax. Can you please help with that? Also what do we do if we don't receive a K-1 by the tax deadline? Is this amount too small to receive a K-1?

Also he sold this stock and online his account has more information that says this dividend was re-invested. Not sure if this helps, but I am just giving all of the information I have. Thanks. 

[GeorgeM777]

The partnership distribution of $2.59 gets reported on Schedule E, Supplemental Income or Loss.  Part II of that form is where taxpayers report income or loss from partnerships and S-Corporations.  

If you are using TurboTax online, go to Income & Expenses, scroll down the page to S-Corps, Partnerships, and Trusts, select Schedule K-1, and then if you had a Schedule K-1 you could proceed to enter your information.   You may be able to still proceed even though you don't have your Schedule K-1.  What you will need is the Partnership /LLC ID Number.  If you can get that ID Number from Energy Transfer LP, then you should be able to complete that section of TurboTax that relates to your limited partnership distribution.   You might be able to find the ID Number from the Energy Transfer LP website or at least their contact information.  A google search for the ID number revealed more than one number so you might want to confirm such number with Energy Transfer LP.  

Regarding the reinvested dividends, those still need to be reported on your tax return even though you have chosen to reinvest them.  Reinvested dividends get added to your cost basis; however, they still need to be included on your tax return no differently than if you chose to receive such dividends rather than reinvest them. 

@LE1972