Taxes & Distributions
Corporate Tax Status
From January 1, 2015, through December 31, 2018, JMP Group LLC was taxed as a partnership and, as such, issued Schedule K-1 tax forms to shareholders. The company is awaiting approval from the Internal Revenue Service to be treated as a C corporation for tax purposes, rather than as a partnership, with an intended effective date retroactive to January 1, 2019. As a result, monthly cash distributions that were previously declared in advance of each period will be replaced with quarterly cash distributions declared subsequent to each period. Such quarterly distributions will be taxed as dividend payments. For more information, see the press release issued on January 17, 2019.
JMP Group expects to deliver 2018 Schedule K-1s to shareholders by early March 2019. All tax documentation will also be available online. To access the company's tax package support page, click below.
For questions or changes to your Schedule K-1 once it is received, please contact our tax package support line at (800) 381-9889, or at (972) 248-5396 if calling from outside the U.S.
Frequently Asked Questions
Click below for answers to frequently asked questions about your Schedule K-1 and the taxes related to your investment in JMP Group.