Quote:
Originally Posted by bkreigsr
You're joking, right?
Pretty sure KMP income/dividends must be filed as on owner/partnership type holding. Another whole 1040 endeavor by itself.
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Quote:
Originally Posted by VincentVega
I havent read all the details but it sure looks like some cap gains or other distributions because of the sale. However, I am not sad to see the end of the mlp if only because of the K-1. Maybe it's just me, but for a small time investor with some shares of an mlp a K-1 is too complicated.
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I've always kept my MLPs inside a tax sheltered account avoiding all that crap, though I know there are restrictions on how much/many MLPs you can do that with before the IRS don't like it
. I also import all of my non sheltered brokerage activity directly into TurboTax....easy peasy that way now...wasn't always the case.
Quote:
Originally Posted by McLovin
Yep, still holding it, along with a 3 other MLPs.
Been hanging on for years, reinvesting the (substantial) dividends.
Well into the 6 figures on those now!  |
Good for you! Still holding "the fruit"? After the pain you went through, I hope it finally ripened up enough for ya
. I'm letting it all "ride"....though I no longer reinvest the dividends as of a couple of years ago....good luck to all!!!