Tax Insight - LPs

[mmgoebe]

Hi,
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.

 

[MichaelB]

Are you referring to MLP stocks, such as Enterprise Products Partners and Kinder Morgan Energy Partners?

 

[pb4uski]

Do you get a Form K-1 for the income from these LPs? or a 1099?