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GAMCO Global Gold, Natural Reso Message Board

colton404 3 posts  |  Last Activity: Mar 19, 2015 4:07 PM Member since: Oct 4, 2012
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  • Does GAIN have any income other than Dividends? ROC-Return or Capital or K-1 filings?

    Thanks for input

  • Reply to

    Return of Capital or K-1 Filing

    by colton404 Feb 17, 2015 11:29 AM
    colton404 colton404 Feb 18, 2015 10:19 AM Flag

    Thanks for the reply. The below is what I read about a MLP so it does look like a form of K-1 and ROC. I just don't like either as I am not sure exactly how they work.

    In an MLP, instead of paying a corporate income tax, the tax liability of the entity is passed on to its unitholders. Once a year, each investor receives a K-1 statement (similar to a 1099-DIV form) detailing his or her share of the partnership's net income, which is then taxed at the investor's individual tax rate.

    One important distinction must be made here: While the MLP's income is passed through to its investors for tax purposes, the actual cash distributions made to unitholders have little to do with the firm's income. Instead, cash distributions are based on the MLP's distributable cash flow (DCF), similar to free cash flow (FCF). Unlike dividends, these distributions are not taxed when they are received; instead, they are considered reductions in the investment's cost basis and create a tax liability that is deferred until the MLP is sold.

  • Does anyone know if PER has ROC or K-1 filings or just a normal Dividend for income tax purposes? Thanks

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