Welcome! Please Log In
Search
Correction to Personal Finance Article -- 2/17/10    Back to Corrections List
     
 Corrected 02-17-10
by Morningstar Staff  
This article was edited to correctly read: MLPs are taxed in a unique way, and generally should be held in a taxable rather than tax-sheltered account. MLPs are not taxed at the corporate level. Instead, a proportional share of income is taxed at the individual level. This is why partners (as owners of MLPs are called) receive a special tax form (K-1), which breaks down the income attributable to you. This income is taxed at your marginal tax rate, not at the qualified dividend rate.  
   

Corrections Site Map Help Advertising Opportunities Licensing Opportunities Glossary Store RSS feed
© Copyright 2022 Morningstar, Inc. All rights reserved. Please read our Terms of Use and Privacy Policy.
Content Partnersblack arrow
Popular Articles by: Title| Date| Author| Collection| Interest| Popularity
Popular Investment Categories by: Topic| Sector| Key Indicators| User Interest| Market Cap| Industry