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- MLP K-1 shows same amount both as a distribution and guaranteed payment for capital
MLP K-1 shows same amount both as a distribution and guaranteed payment for capital
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ACCLIGHT
Level 3
10-07-2022
05:49 PM
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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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