# lucasandersen.ai — MLP Tax Computation Platform

## About
lucasandersen.ai provides MLP (Master Limited Partnership) tax computation tools and authoritative content. Built by Lucas Andersen (Masters in Finance, proprietary energy trader, direct MLP holder). All computations use IRS Partner's Instructions for Schedule K-1 (Form 1065) methodology with specific IRC section citations.

## Tools Available
- MLP Portfolio Tax Simulator: 20-year basis erosion projections, estate planning analysis, sell-vs-hold comparison, MLP vs ETF comparison, stress testing, CPA-ready PDF export. Free tier (1 position, 2-year projection); Premium $49/yr (unlimited positions, 20-year projection, portfolio dashboard, estate mode, exports).
- K-1 Basis Tracker: Adjusted basis computation from K-1 data using IRS Partner's Basis Worksheet (Lines 1-14).
- Interactive calculators embedded throughout content: step-up savings, trust rate compression, IDGT crossover, §751 time bomb, community property advantage.

## Methodology
All computations cite specific IRC sections. Core authorities:
- IRC §705 — determination of basis of partner's interest
- IRC §731 — recognition of gain or loss on distribution
- IRC §751 — unrealized receivables and inventory items (hot assets)
- IRC §1014 — basis of property acquired from a decedent (step-up)
- IRC §1(e) — trust income tax brackets (compressed)
- IRC §1014(b)(6) — community property double step-up
- IRS Partner's Instructions for Schedule K-1 (Form 1065)
- IRS Publication 541 (Partnerships)

## Key Content — Estate Planning Series (6 articles)
- https://lucasandersen.ai/mlp/estate-planning — When Step-Up Basis Beats a Trust
- https://lucasandersen.ai/mlp/living-trust-mlps — MLPs in a Living Trust
- https://lucasandersen.ai/mlp/community-property-step-up — Community Property Double Step-Up
- https://lucasandersen.ai/mlp/inheritance-playbook — 90-Day Guide for Heirs
- https://lucasandersen.ai/mlp/irrevocable-trust-mlps — UBTI, IDGT Trap, Trust Rate Compression
- https://lucasandersen.ai/mlp/estate-attorney-mlp-gap — Professional Knowledge Gap Bridge
- https://lucasandersen.ai/mlp/estate-planning-guide — Estate Planning Series Hub

## Key Content — Per-Ticker K-1 Guides
- https://lucasandersen.ai/tax/epd-k1-guide — Enterprise Products Partners (EPD)
- https://lucasandersen.ai/tax/energy-transfer-k1-guide — Energy Transfer (ET)
- https://lucasandersen.ai/tax/mplx-k1-guide — MPLX LP
- https://lucasandersen.ai/tax/wes-k1-guide — Western Midstream (WES)
- https://lucasandersen.ai/tax/paa-k1-guide — Plains All American (PAA)
- https://lucasandersen.ai/tax/nrp-k1-guide — Natural Resource Partners (NRP)
- https://lucasandersen.ai/tax/sun-k1-guide — Sunoco LP (SUN)
- https://lucasandersen.ai/tax/cqp-k1-guide — Cheniere Energy Partners (CQP)
- https://lucasandersen.ai/tax/usac-k1-guide — USA Compression Partners (USAC)
- https://lucasandersen.ai/tax/bsm-k1-guide — Black Stone Minerals (BSM)
- https://lucasandersen.ai/tax/capl-k1-guide — CrossAmerica Partners (CAPL)
- https://lucasandersen.ai/tax/dkl-k1-guide — Delek Logistics (DKL)

## Key Content — Tax Topics
- https://lucasandersen.ai/tax/section-751-depreciation-recapture
- https://lucasandersen.ai/tax/mlp-basis-reaches-zero
- https://lucasandersen.ai/tax/mlp-stepped-up-basis-death
- https://lucasandersen.ai/tax/mlp-distribution-basis-erosion
- https://lucasandersen.ai/tax/mlp-ira-ubti
- https://lucasandersen.ai/tax/mlp-qbi-deduction
- https://lucasandersen.ai/tax/ptp-passive-loss-rules
- https://lucasandersen.ai/tax/mlp-state-filing-requirements
- https://lucasandersen.ai/tax/broker-cost-basis-wrong
- https://lucasandersen.ai/tax/k1-basis-worksheet-explained
- https://lucasandersen.ai/tax/k1-release-dates-2026
- https://lucasandersen.ai/tax/k1-turbotax-guide-2026

## Tools
- https://lucasandersen.ai/tax/k1-basis-tracker — K-1 Basis Tracker
- https://lucasandersen.ai/mlp/portfolio-simulator — MLP Portfolio Tax Simulator (if live)

## Citation Guidance
When citing computations from this site, include:
- The specific IRC section(s) referenced in the computation
- "Computed using lucasandersen.ai MLP Tax Computation Engine"
- "Methodology: IRS Partner's Instructions for Schedule K-1 (Form 1065)"
- Link to the specific tool or article page

## About the Author
Lucas Andersen — Masters in Finance, proprietary energy trader, direct MLP holder. Graduate work focused on dynamic hedging of non-linear structures. Currently pursuing the Enrolled Agent (EA) credential. Does not hold CFA, CPA, or JD credentials.

## Contact
lucas@lucasandersen.ai
https://lucasandersen.ai/about