Here's the same answer I gave your identical question on the PWE bb. "They are not MLP's which can be complicated in an IRA. They are canadian trusts (canroys). The distribution gets docked 15% by the canadian gubbmint then goes straight into your IRA. no you cannot retrieve any of this thru tax forms. The only tax is when you take any money out of the IRA....at your personal rate. BTW, when PWE goes corporate, the disti's become divvies thus not taxed the 15% canadian bite. Witness what happened with Crescent Point Energy when they went corp a few months ago. The divvies began appearing in my IRA account whole and undocked! "