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Atlas Energy Group, LLC Message Board

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  • jrad52 jrad52 Aug 11, 2011 11:19 AM Flag

    Deferred taxes with a GP?

    Yes, but obviously the numbers will be different.

    ATLS is a partnership and you get a K-1. A significant portion of the ATLS K-1 will consist of pass-thru's from APL, so that's just a pass-thru.

    But ATLS has operations of its own, and I don't know if those operations show income or losses for tax purposes. I would suspect the operations that ATLS acquired from the old ATLS in February show tax losses, but I also suspect the O&G investment services show income.

    And there is a rule that you can't offset losses from 1 MLP against income from another MLP, even if they are related. So, my K-1 from ETE last year showed separate income/loss for ETE and each of its MLPs (ETP and RGNC). Same thing for EPD/EPE. So maybe ATLS K-1 will show the APL stuff separately. Very confusing, but at least the investment is working out well so far.

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