MLP Tax Computation Engine
Deterministic MLP tax engine with IRS citations. 6 tools: basis, §751, estate, projections.
| Endpoint | https://api.lucasandersen.ai/mcp (streamable-http) |
|---|---|
| Registry version | 1.0.0 |
| Now | 6 tools · grade F (49) · pin ts_cce277259ff97b4720d2c168153d5803 · protocol 2024-11-05 |
| First / last listed | 2026-10-28 05:26 UTC / 2026-10-28 05:26 UTC |
| Grade over time | 2026-10-28: F (49), 6 tools |
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Tools: mlp_projection mlp_estate_planning mlp_sell_vs_hold mlp_info k1_basis_compute k1_basis_multi_year
mlp_projection | Computes a multi-year tax projection for a publicly traded MLP position, applying the IRS Partner's Basis Worksheet methodology per IRC §705, §731(a), §733, §751, §752 and §199A. Returns year-by-year basis erosion, §751 accumulation, annual federal tax, terminal FMV (the projected market value), the tax on a sale by the holder at that value (not a measure of tax saved or avoided at death; the succ params: ticker*, units*, purchase_price, years, tax_bracket |
mlp_estate_planning | Computes an estate view for one or more direct MLP positions with no sale by the holder, per IRC §705, §731 and §751(a), with §1014(a) cited for the successor's basis at death (R-1014-PTP-STEP-UP). Returns the projected market value, the tax a sale by the holder at that value would carry and its §751 amount (each position priced as if sold alone; not a measure of tax saved or avoided at death; the params: positions*, beneficiaries, tax_bracket |
mlp_sell_vs_hold | Compares selling an MLP position today (the §751(a) ordinary amount plus capital gain on the rest, R-751-BIFURCATION) against holding it with no sale by the holder through the projection horizon, per IRC §199A (qualified PTP income, including §751(a) gain attributable to the PTP's trades or businesses; R-199A-PTP-751-PAL) and §1411. Returns the break-even sell price: the unit price above which sel params: ticker*, units*, purchase_price, years_held, years_to_project, tax_bracket |
mlp_info | Returns reference data for a supported MLP ticker — current cash distribution per unit, distribution growth CAGR, default return-of-capital percentage, distribution coverage ratio, K-1 entity count, operating-state count, and last-verified date.
Use when: User wants to look up baseline characteristics of an MLP before modeling — e.g., comparing distribution coverage across partnerships, checking params: ticker* |
k1_basis_compute | Computes adjusted partner basis from a single year of Schedule K-1 data using the IRS Partner's Basis Worksheet methodology (Lines 1-14), per IRC §705, §722, §731(a)(1), §733, §752, §704(d) and §199A. Returns the ending adjusted basis, every worksheet line value, any §731 gain triggered when distributions exceed basis, and §704(d) suspended losses carried forward.
Use when: User holds direct MLP params: ticker*, units*, prior_basis*, box1*, box19a*, box2, box5, box11, box13w, liability_increase, liability_decrease, tax_bracket |
k1_basis_multi_year | Computes a running adjusted partner basis across multiple years of Schedule K-1 data, per IRC §705, §731(a)(1), §751(a), §752 and §704(d), with §1014(a) cited for the successor's basis at death (R-1014-PTP-STEP-UP). Returns year-by-year basis trajectory, accumulated §751 recapture estimate and projected zero-basis year.
Use when: User holds a direct MLP position (EPD, ET, MPLX, WES, PAA, NRP, USA params: ticker*, units*, purchase_price*, purchase_year, k1_years*, tax_bracket |
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