The best way to own master LPs
Master limited partnerships are legal entities that trade on an exchange but are not corporations
Master limited partnerships are legal entities that trade on an exchange but are not corporations. As partnerships, they pay no tax themselves; an MLP's partners/owners are allocated the profits or losses of the entity through the issuance of K-1s. The MLP owners then reflect those results on their
Learn more about reprints and licensing for this article.
