| http://www.w3.org/ns/prov#value | - Because an MLP, like all partnerships, is a pass - through entity (no tax is paid by the partnership, all tax items flow through to the limited partners/shareholders, who pay tax on their share), the partners are treated by the tax code as if they are directly earning the MLP???s income.Thus, as a partner in the MLP, the IRA or other account is considered to be ???earning??? its share of the MLP??
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