Use of K1's from MLP's (Master Limited Partnership) investments on qualified income

[Callum K.]

Hello,

I am trying to find out whether or not Fannie/Freddie accept K1's from MLP's in my stock portfolio account.  I'm aware that K1's are usually accepted and viewed as ordinary income with 2-years returns, however I'm struggling to find a lender that can decipher the difference between a private investment that issues a K1 and a publicly traded stock such as Enterprise Products, Williams, or Energy Transfer Partners.  I have qualified dividend income from several of these and the legislation I've seen effectively say that 'income from a K1 is viewed as qualified income'.  It does not discriminate between privately funded K1's or publicly traded K1's.  The lenders I've spoken with start asking for documentation "to validate the financial viability of the business" even though there's clearly more publicly available information from these companies than any kind of private investment.  Any insight, guidance, legislative references, or even lender recommendations would be very much appreciated.

Thanks!

Callum