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Every change Wellknown observed on this MCP server, newest first, with what it was before and what it became. Tool-surface changes carry the definition diff. Nothing here is edited after the fact.
Changed the definition of "k1_basis_compute", "k1_basis_multi_year", "mlp_estate_planning" and 2 more
k1_basis_computechanged
description
⟨17 unchanged words⟩ Worksheet methodology (Lines 1-14), per IRC §705 (basis computation), §722 (initial basis), §731(a)(1) (gain on distribution exceeding basis), §733 (basis reduction), §752 (liability share allocation), §704(d) (loss limitation and suspended-loss carryforward), and §199A (QBI deduction).§199A. Returns the ending adjusted basis, every worksheet ⟨82 unchanged words⟩ for: 1099-DIV ETFs (AMLP, MLPX, AMZA — these use RIC structure, no K-1, different tax regime —):usethisatoolstandarddoescost-basisnotcalculatormodelinstead).them. Multi-year basis carryforward across consecutive K-1s — use ⟨82 unchanged words⟩
68 words differ · removed · added
k1_basis_multi_yearchanged
description
⟨8 unchanged words⟩ years of Schedule K-1 data, per IRC §705 (basis computation), §731(a)(1) (gain on distributions exceeding basis), §751(a) (accumulated ordinary recapture), §752 (liability share allocation across years),and §704(d) (suspended-loss carryforward), andwith §1014(a) (step-upcitedifforthe successor's basis at death today(R-1014-PTP-STEP-UP). Returns year-by-year basis trajectory, accumulated §751 recapture estimate,projected zero-basis year, §1014 step-up value if death today, and the broker-basis gap — the dollar amount by which a typical 1099-B understates trueprojectedIRS-adjusted
mlp_estate_planningchanged
description
Computes §1014 stepped-up basis andanestate-planningestateanalysisview for one or more direct MLP positions heldwithuntilnodeathsale by the holder, per IRC §1014§705, §731 and §751(a),with §1014(a) cited for the successor's basis at death),§1014(b)(6R-1014-PTP-STEP-UP).(community-propertyReturns
mlp_projectionchanged
description
⟨11 unchanged words⟩ , applying the IRS Partner's Basis Worksheet methodology (Lines 1-14) per IRC §705 (basis computation), §731(a) (distributions exceeding basis), §733 (basis reduction), §751 (hot asset recapture), §752 (liability allocation), §1014 (stepped-up basis at death), and §199A (QBI deduction).§199A. Returns year-by-year basis erosion, §751 accumulation, annual federal tax, terminal FMV (the projected market value), §1014thestep-uptaxon a sale by the holder at that value (not a measure of tax saved or avoided at deathdeath; the successor's tax is not computed), and the break-even sell price.
Use when: ⟨28 unchanged words⟩ total tax paid over the hold horizon, deferred
mlp_sell_vs_holdchanged
description
Compares selling an MLP position today (triggeringthe §751(a) hot-asset ordinary recaptureamount plus §731(a)(1) long-term capital gain)against holdingon the positionrest,untilR-751-BIFURCATION)deathagainst(whereholding§1014(a)itstep-upwitheliminatesnoallsale
TLS
Certificate changed, valid to 2027-01-01
TLS
Certificate recorded, valid to 2026-11-03
Authorization
Authorization not required
Tool surface
First tool surface recorded: 6 tools (server version 0.1.0)
this tool models direct holdings only). Single-position long-horizon tax projection — use mlp_projection. Single-position
sell-now-versus-hold-to-death
sell-now-versus-hold
break-even — use mlp_sell_vs_hold. 1099-DIV ETFs (AMLP, MLPX, AMZA
— RIC structure receives §1014 step-up but has no §751 to eliminate because no
):
K-1;
this
the
tool
analysis
does
is
not
materially
model
different).
them.
Limitations: Direct unit holdings
only —
only;
does not model trust, IDGT, FLP
,
or charitable
structures (these can destroy the §1014 benefit;
structures.
for
Does
guidance
not
on
compute
trust
estate
selection
tax
,
see lucasandersen.ai). Federal-level only — does
federal
not
or
include
state.
state
The
estate
§751
tax.
amount
§751
is
recapture
estimated
eliminated
from
at
default
death
ROC
is
assumptions;
estimated;
the
exact figure depends on the partnership's actual hot-asset
⟨31 unchanged words⟩
437 words differ · removed · added
inputSchema
⟨8 unchanged words⟩ max 20)","type":"number"},"community_property":{"description":"Whether positions are in a community property state (doubles step-up)","type":"boolean"},"positions":{"description":"Array of MLP positions ⟨46 unchanged words⟩
33 words differ · removed · added
annotations
{"idempotentHint":true,"readOnlyHint":true,"title":"MLP Estate Planning:§1014BasisAnalyzerat Death Under §1014"}
8 words differ · removed · added
the
tax
eliminated
a
by
sale
§1014
at
step-up
the
at
projected
death
value would carry
, or the unit price at which selling
now
matches holding
through
with
inheritance.
no
sale.
Single position, single lot.
Don't use for: 1099-DIV ETFs (AMLP, MLPX, AMZA
— these use RIC structure, pay corporate-level tax, and issue 1099-DIV instead of K-1;
):
use
this
a
tool
standard
does
cost-basis
not
calculator
model
instead).
them.
Multi-position estate analysis — use mlp_estate_planning. Computing basis
⟨79 unchanged words⟩
132 words differ · removed · added
deferred
by
federal
the
tax
holder
including
through
§751
the
recapture)
projection horizon
, per IRC
§1(h)
§199A
(
LTCG
qualified
rates)
PTP income
,
§199A
including
§751
(
QBI
a)
deduction
gain
on
attributable
§751
to
ordinary),
the
and
PTP's
§1411
trades
(NIIT
or businesses; R-199A-PTP-751-PAL
)
.
and §1411.
Returns the break-even sell price
—
:
the unit price above which selling today produces more
after-tax
in
wealth
this
projection
than holding
through
with
inheritance.
no sale (holding counts the projected value with no tax deducted, plus net distributions). It also returns the tax a sale by the holder at the projected value would carry, which is not a measure of tax saved or avoided at death; the successor's tax is not computed. If the units pass at death, the successor's basis is generally the fair market value at that date (or the §2032 alternate value where the executor elects), increased by the successor's share of partnership liabilities on that date and reduced to the extent the value is attributable to income in respect of a decedent, outside basis only; the partnership's basis in its property, from which the §751 amount on a later sale is figured, is adjusted only with a §754 election or a substantial built-in loss immediately after the transfer (R-1014-PTP-STEP-UP).
Use when: User holds a direct MLP
⟨28 unchanged words⟩
for time-sensitive sell decisions, retirement-distribution planning, or
evaluating whether
comparing
an unsolicited tender offer
is worth accepting versus
with
continuing to
hold for §1014 step-up.
hold.
Don't use for: Multi-position portfolio sell-ordering —
⟨26 unchanged words⟩
use mlp_projection. 1099-DIV ETFs (AMLP, MLPX, AMZA