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Tax Insight - LPs
Old 08-27-2012, 12:31 AM   #1
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Tax Insight - LPs

Been trying understand what is the final tax rate on quarterly proceeds paid by LPs (Oil & Gas, Ships,etc). Assuming the Bush tax cuts expire, and dividend rates go from 15% to 23.8%, might the proceeds from LPs offer a lower (bottom line) tax exposure ?
I've noticed the capital gains (cost basis minus sales proceeds) aspect of LPs is the same as a stock. Thnx - Mike G.

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Old 08-27-2012, 05:14 AM   #2
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Are you referring to MLP stocks, such as Enterprise Products Partners and Kinder Morgan Energy Partners?

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Old 08-27-2012, 09:48 AM   #3
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Do you get a Form K-1 for the income from these LPs? or a 1099?
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