ACCLIGHT
Level 3

I have a series of K-1's from publicly trades MLP's. I am used to seeing a return of capital under 19A Distributions. In this case 2 of the K-1's treat things differently. Each of those K-1's shows the same amount under 19A (distributions) and 4(b)&(c) (guaranteed payments for capital). Obviously substantially different from a tax standpoint. How can both be correct? I have bounced it off broker, the K-1 prep company and cant get anywhere. Community help please.

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