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Strategies & Market Trends : Dividend investing for retirement

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From: Elroy	6/25/2014 7:59:44 PM
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And sorry to ask another tax question on MLPs, but it's a slow day, so here's another. I've owned an MLP (MEMP) for about 10 months. I'm thinking of selling it since the shares are up pretty well and I think they may do a secondary to help finance their recent big ($930m) acquisition of some Wyoming oil properties. If so, I'll have a capital gain on the sale. Does the capital gain get INCREASED by the amount of Return Of Capital received since purchased? In other words, is my cost basis what I paid for the stock, or is it what I paid for the stock minus the amount I've received in distributions as Return of Capital since I've held it?

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