The Complete Guide to MLP Investing

Tax guides, basis tracking tools, and institutional-grade analysis for MLP and PTP investors.

Flagship Tool

MLP Portfolio Tax Simulator

Your broker’s cost basis is wrong. See the gap — free, in 30 seconds. Portfolio dashboard, §751 estimates, estate planning.

Try It Free → | All Projections | Pricing

MLP Fundamentals

Why Own an MLP? — The tax-deferral case behind the K-1 and the 30-year math
How MLP Distributions Work — Return of capital, taxable income, and why distributions aren't dividends
How to Evaluate an MLP — DCF, coverage ratio, and the metrics that actually matter
When to Sell an MLP — Tax consequences, phantom gain, and the basis trap
Holding MLPs Long-Term — What 20 years of basis erosion and the §1014 endgame actually look like
Should I Sell My MLP? — Cross-ticker sell-vs-hold comparison by MLP archetype

Sell or Hold — Compare Across MLPs

Whether to sell or hold changes with the MLP you own. The cross-ticker sell-vs-hold guide compares the call by archetype — slow-eroder vs low-basis vs variable-royalty — with a comparable hold-vs-sell multiple. Jump to your ticker:

Should I sell EPD? · ET · MPLX · WES · PAA
NRP · USAC · SUN · Direct MLP vs ETF · Portfolio estate planning

Estate Planning

MLP Estate Planning Guide — 6-part series: every trust type, every scenario computed
When Step-Up Basis Beats a Trust — §1014 eliminates ~$48,535 deferred tax on a 5-MLP portfolio
The MLP Inheritance Playbook — Just inherited units? Start here
Community Property Double Step-Up — WA, TX, CA, and 6 other states
MLPs in a Living Trust — What your attorney didn't tell you
MLPs in an Irrevocable Trust — When the tax shelter becomes the tax problem

K-1 Tax Guides

K-1 Guides by MLP

Tools

K-1 Basis Tracker — Free IRS-adjusted basis calculator for MLP investors