On Inauguration Day, the Trump administration froze the issuance of new regulations, including those defining master limited partnership qualifying income. While the final MLP qualifying income regulations by the Obama Administration were a significant improvement over the proposed regulations issued in May 2015, they still reflect a more restrictive view of the scope of MLP qualifying income than prevailed in the IRS and the industry prior to May 2015. The fate of the regulations in the wake of the Trump’s freeze is unclear . . .
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