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  • Kinder Morgan: A Dividend Growth Star Is Born [View article]
    Charlie - 1) if you own either KMP or EPB you will have ordinary income and capital gain or loss, it is spelled out in the document explaining the transaction. 2) your election of all stock is subject to proration based upon what other holders elected so you will probably not get all stock and probably very close to the shown as option 2 in the documents.

    Long KMP and EPB
    Nov 23, 2014. 05:49 PM | Likes Like |Link to Comment
  • Agellan Commercial Shares Could 'Take Off', Eh? [View article]
    kor1870 The withholding by Canada is used in the calculation of the allowable foreign tax credit on form 1116. Depending upon your tax bracket and other foreign source income you may receive a full credit or a small portion might be a carry forward credit.
    Oct 9, 2014. 05:49 PM | 1 Like Like |Link to Comment
  • 3 Stocks For A Worry-Free Retirement [View article]
    CLS it is rather odd that you state "Unilever has one of the strangest share structures of any company on the planet. It's listed in both London and Amsterdam as two separate companies, Unilever PLC and Unilever NV, respectively." Unilever is by no means the only company with this structure. Royal Dutch Shell has the same structure and BHP Billiton has a similar structure with an Australian and UK dual shares. There are probably others as well. Long both UL and UN. UN provides a better yield in taxable accounts where the investor can utilize the foreign taxes withheld as a foreign tax credit.
    Oct 7, 2014. 08:58 AM | 2 Likes Like |Link to Comment
  • Navient Is A High-Yielding Dividend Stock You Probably Never Heard Of [View article]
    Of course NAVI has a very high ROE, as of 6/30/14 equity stood at $4,021 million an debt at $136,235 million for a debt to equity ratio of 33.88:1. Also, equity declined from $5,593 at 3/31/14.
    Oct 1, 2014. 04:46 PM | Likes Like |Link to Comment
  • Kinder Morgan Energy Partners: These 2 Projects Will Be Important For The Partnership [View article]
    KMR firstly it was somewhat tongue in cheek to Uncle Pie who is complaining about paying taxes. Secondly, as a long term holder you will get to deduct the FMV at the date of transfer. Yes the charity will pay as small amount of UBIT if they continue to hold it but the UBI will only from the date of transfer to the date of sale or conversion into KMI. BTW, I am a retired CPA.
    Sep 14, 2014. 08:46 AM | 1 Like Like |Link to Comment
  • Kinder Morgan Energy Partners: These 2 Projects Will Be Important For The Partnership [View article]
    should have know that it was a possibility. However, I still believe that you are overstating your tax liability. I have held a significant position on KMP since 2004 and my estimated tax liability, Federal and state, is about 21%. It is any higher than the tax rate I would have paid on ordinary dividends each year. Sorry I can live with that tax rate. You should stop complaining and be glad that you have such a large gain an dmove on with life.
    Sep 13, 2014. 03:54 PM | 4 Likes Like |Link to Comment
  • Kinder Morgan Energy Partners: These 2 Projects Will Be Important For The Partnership [View article]
    Uncle Pie while you could not have run out of passive losses on KMP as you claim, there is another way to offset your recapture, get a tax loss and help others. Simply donate your KMP to a 501(c)(3) charity before the exchange. As a long term holder (10 years) I have quite a bit of passive losses from KMO that will offset about 50% of my recapture. Also, you earlier claimed to have paid taxes on your excess distributions, therefor your tax basis for KMP will be much higher than shown on the website. As a limited partner you cannot have a negative capital account however, the website does reflect a negative capital account. Hopefully, your "expert" cpa took all of that into account. He/she also should have told you that, as long as you filed protective estimates you did not need to pay anything until 4/15/15. Additionally, even if you are filing estimates based on annualized income the estimate would not have been due until 1/15/15 assuming that the transaction closes in the 4th quarter. If the CPA told you to pay the estimate now, perhaps he/she is not as sharp as you think.
    Sep 11, 2014. 04:49 PM | Likes Like |Link to Comment
  • BTB Real Estate: An Attractive Play On The Eastern Canadian Real Estate [View article]
    the Canadian tax withheld can be applied as a foreign tax credit if the REIT is held in a taxable account. The effect is that the FTC reduces your US income tax and the yield reamains the same.
    Sep 7, 2014. 11:12 AM | 1 Like Like |Link to Comment
  • 10 Dividend Growth Stocks For September '14 [View article]
    FerdiS, just one question why BHP and not BBL. They are economically the same and pay the same dividend yet BBL (the UK entity of the dual listed BHP BIlliton) trades at abiut a 7% discount to BHP (the Australian entity)? Long BBL.
    Sep 5, 2014. 03:54 PM | Likes Like |Link to Comment
  • Taxation Fundamentals For The Kinder Morgan Reorganization [View article]
    it is you who does not fullyunderstand teh tax issue not the author. While I believe that the k1support reflects what you show above, it doesn't reflect your passive losses that show up on your tax return. If you CPA did not take that into account when telling you about your tax situation on KMP find a new CPA. I have held KMP since 2004 and have a zero basis as well. But about half of the ordinary income reflected on k1support will be offset by my passive loss carryforward. I suggest that you get all of your ducks in a row before critizing an author. Finally, there are many many things worse than paying taxes. One of them is not paing taxes due to a lack of income.
    Sep 4, 2014. 03:02 PM | 7 Likes Like |Link to Comment
  • Safe Large-Cap Blue-Chip Dividend Champions For Your Retirement Portfolios: Part 2 [View article]
    Chowder you are so right about the cost of living and Bless your heart! We moved from NJ to SC when we retired 5 years ago and haven't looked back. The weather is much better and the cost of living is about 40% less. We have a portfolio of equities and bonds that will allow us to live off the interest and dividends and live the life style we want including lots of travel. While you are correct about Bless your Heart most people are truly nice in the south, nothing like up north
    Aug 27, 2014. 05:30 PM | 4 Likes Like |Link to Comment
  • 3 Ideas For September [View article]
    DM I am long VZ and GE. I have owned GE from before the recession and had been doing dividend reinvestment through 2013. As a result I have a small unrealized gain and now collect the dividends. Like you I held and continue to hold VOD and received VZ shares. I also purchased enough to round up to a full position. Also, like you for many years we lived well below our means and invested the excess cash flow. Shortly before and during retirement we have been adjusting our allocation of DGI stocks, bonds and mutual funds and living off the interest and dividends while we continue to reduce our MF holdings. Our dividends and interest more than replaced our life style needs which have increased substantially in retirement.

    Best of luck with your plan.
    Aug 23, 2014. 11:33 AM | 2 Likes Like |Link to Comment
  • 9 Dividend Aristocrats Reward Investors [View article]
    Lowell did you select the first 9 aristocrats on the 7/31/2002 listing that had a yield in excess of 2% or did you use a current list for your selection?
    Aug 23, 2014. 08:43 AM | 1 Like Like |Link to Comment
  • What Will Be The Impact Of Consolidation On KMP Unitholders? [View article]
    Marty I am a long term holder with a zero basis. Based upon the K-1 site I will have both ordinary income and capital. gains. About 42% is ordinary. There will be no tax free exchange because KMI wants the step up in basis of the assets being acquired. The transaction apparently is being structured as an asset sale. Also, while I have a large tax bill I cannot complain, since 2004 I have received distributions substantially exempt from taxes. Based upon the total distributions received and the tax due on the ordinary income my average tax rate will be less than 22% and I have an average of 15.6% annualized ROI. The cash flow has been very good and the return outstanding so I will pay my taxes happily, although unexpectedly. Though I do hope that there is a delay so that the closing is in January 2015.
    Aug 20, 2014. 11:14 AM | Likes Like |Link to Comment
  • A Basket Of 5 Bear Market Dividend Stocks Yielding 5% [View article]
    RW I own both A & B shares. The reason to hold A shares is that the yield is higher than the B shares as long as you can claim the foreign taxes withheld. I manage my foreign holdings in order to utilize all of my foreign taxes withheld. If you have only tax deferred accounts then the B shares are much better. Since I am retired, I do not reinvest the dividends and use the cash for our expenses.
    Aug 16, 2014. 08:52 AM | Likes Like |Link to Comment