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Financial Planning / Tax Strategies


Subject:  Re: MLP Gifting Date:  10/16/2012  7:38 AM
Author:  irasmilo Number:  116797 of 127753

If you gift the MLP units to another person, all basis and holding period should transfer. Remember, your aquisition basis is not the basis at disposition. Your adjusted basis will be aquisition plus transaction fees less all past return of capital.

Adjusted basis also includes all past income and expense items reported on Schedule K-1.

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