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Natural Resource Partners LP Message Board

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  • palmspringscopper palmspringscopper Sep 1, 2009 2:50 PM Flag

    Hope you got all you wanted!

    MLP distributions are a return of capital. This reduces your basis in the secutities of the company. Also, this return of capital is a non-taxable event, where as dividends are a taxable event at various tax rates. Company sends out year-end partnership K-1 with tax info.

    • ((MLP distributions are a return of capital. This reduces your basis in the secutities of the company. Also, this return of capital is a non-taxable event, where as dividends are a taxable event at various tax rates. Company sends out year-end partnership K-1 with tax info.))

      Sounds like a headache for my tax man, so he will charge me more, right?

    • Palmspringscopper writes "MLP distributions are a return of capital. "

      This is only partially accurate, palmspringscopper.

      Some component of MLP distributions can be considered return of capital. It depends on the specific MLP, and how long you have held your units and what your basis is (and this can be impacted by reinvesting distributions or continued buying).
      I don't like speaking in generalities, but in general, a large portion (70-90%) of MLP distributions will be considered a return of capital for most investors, but it is unlikely that 100% of the distributions would be considered return of capital.

 
NRP
16.15Aug 27 4:02 PMEDT

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