MLP, K1 question

1,173 Views | 8 Replies | Last: 2 mo ago by El Chupacabra
El Chupacabra
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10:28a, 5/29/25
Does buying and selling an MLP generate multiple K1s, or do they send you one consolidated one for the year?

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ToddyHill
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10:39a, 5/29/25
AG
You'll get one K-1 for each MLP. The K-1 will list every date of sale and the amount of units sold and the profit off of each sale. That's how I recall it (in my case it was in 2022).
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El Chupacabra
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In reply to ToddyHill • 10:53a, 5/29/25
ToddyHill said:
You'll get one K-1 for each MLP. The K-1 will list every date of sale and the amount of units sold and the profit off of each sale. That's how I recall it (in my case it was in 2022).
Any idea how it would work if I bought and sold in Vanguard, then re-bought in Fidelity at a later date?
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ToddyHill
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In reply to El Chupacabra • 10:56a, 5/29/25
AG
I don't, as in my case it was all with one broker (Schwab).
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EnronAg
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In reply to El Chupacabra • 11:14a, 5/29/25
AG
El Chupacabra said:
ToddyHill said:
You'll get one K-1 for each MLP. The K-1 will list every date of sale and the amount of units sold and the profit off of each sale. That's how I recall it (in my case it was in 2022).
Any idea how it would work if I bought and sold in Vanguard, then re-bought in Fidelity at a later date?
sounds like you're gonna have some fun next April
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El Chupacabra
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In reply to EnronAg • 11:55a, 5/29/25
EnronAg said:
El Chupacabra said:
ToddyHill said:
You'll get one K-1 for each MLP. The K-1 will list every date of sale and the amount of units sold and the profit off of each sale. That's how I recall it (in my case it was in 2022).
Any idea how it would work if I bought and sold in Vanguard, then re-bought in Fidelity at a later date?
sounds like you're gonna have some fun next April
ha, they're not that bad to enter. and the pain of not having to log into vanguard any more will be worth it.
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ItsA&InotA&M
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12:09p, 5/29/25
You might find yourself in "tax step transitions".
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ToddyHill
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In reply to EnronAg • 12:33p, 5/29/25
AG

Quote:
sounds like you're gonna have some fun next April

In my case it was July 3, 2023. What a f'd up 4th of July.
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El Chupacabra
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10:05a, 6/23/25
I'm assuming that if I transfer shares of an MLP from Vanguard to Fidelity, no sale, not gains/losses, just a straight transfer, I'd still just get 1 k-1? Anyone have an idea?
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