Question on Master Limited Partnership

Apr 04, 2009 1 Replies

If I invest in a master limited partnership (MLP) that current has no distributions, and which has a loss on its income statement, do I get to take any of that loss against my other ordinary income, up to the basis of my investment in the stock of the MLP? What restrictions are there are on my ability to take the losses?


As a passive investor, you cannot take those losses. Typically your MLP tracks this stuff, and it gets reflected in later K-1s.

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