Emerge Energy Services (fka EMESQ)

[DocLevi]

Nope, that's not the way partnerships work. While you bought in on the partnership via your brokerage account you actually became a partner in the firm. You get a schedule K showing all the profit by month you have to add to your income (or loss for write down) then you get the distribution (dividend) that needs to cover your tax bracket level on the schedule K or you have just lost money (for example, your tax bracket 28% and each month you had partner income but quarterly dividend was only 20% - you now lost 8% off of break-even on the schedule K income that was covered by the dividend - and 28% your income tax rate on the remainder of schedule K income that wasn't covered by dividend on partnership).

You need a regular company (corporate or incorporated) that pays a dividend that you own shares of the company in for your type of dividend think... these limited partnerships are different you bare the corporate income tax as your personal income tax for your portion.