Voltage-gated potassium channels formed by KCNQ2 and KCNQ3 are essential for normal neuronal excitability. KCNQ2/3 channel activity is augmented by phosphatidylinositol 4,5-bisphosphate (PIP), which is generated from -inositol, an osmolyte transported into cells by sodium-dependent-inositol transporters (SMITs). Here, we discovered that KCNQ2/3 channels isoform-specifically colocalize with SMIT1 and SMIT2 at sciatic nerve nodes of Ranvier and in axon initial segments, and form channel-transporter complexes and KCNQ2/3 coexpression protected SMIT1 activity from the otherwise inhibitory effects of cellular depolarization imposed by elevating extracellular [K], and KCNQ2 was required for potentiation of SMIT activity by -inositol preincubation. Cytoskeletal disruption, which speeds PIP dispersion, attenuated potentiation of KCNQ2/3 currents by SMIT1-mediated -inositol uptake, suggesting close channel-transporter juxtaposition ensures KCNQ2/3 exposure to locally high-inositol-derived PIP concentrations. Thus, KCNQ2/3-SMIT1/2 coassembly permits cross talk physical interaction, and may also be required for optimal, reciprocal indirect regulation membrane potential and PIP, especially within the specialized architecture of axons.-Neverisky, D. L., Abbott, G. W. KCNQ-SMIT complex formation facilitates ion channel-solute transporter cross talk.