I received MLP distribution from CQP, EVEP and LINE last year. While filing 2009 tax return my tax consultant says that unless you receive K-1 for these distribution, these are non reportable so does not apply tax towards it.Is it true?
This may help:http://wiki.answers.com/Q/What_are_the_tax_consequences_of_owning_a_master_limited_partnershipGood Investing.Best regards,GFG
A tax consultant ought to know. It must be true.
You will likely get several responses to this post, but you will get a K-1 form, and they generally do not arrive until after March 1st.