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Transactions / Re: Master Limited Partnerships

« on: March 29, 2015, 01:27:32 PM »

Thanks Matt.

I've just started investing in MLP's, but it appears that I won't know the breakdown of the distributions (income, cap gains, ROC, etc) for a particular tax year until I receive the K-1's in Mar-Apr of the following year. I would like to input the distributions as they come in but reconcile the amounts with the different categories once I receive the K-1. Do you know if this is possible in IAM? Otherwise, it seems that I have to wait to make all the entries for the entire year after I receive the K-1.

Thanks in advance!

Andy

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Transactions / Master Limited Partnerships

« on: March 28, 2015, 02:17:29 PM »

I was wondering if anyone else has dealt with Master Limited Partnerships as an asset class in IAM. IAM does not have MLP's as one of it's default asset choices, but I think it may be possible to track MLPs and an "Other investment" class. My main concern is tracking the diminishing cost basis of the MLP units for eventual capital gains treatment. Any suggestions would be appreciated.