Mmarrkk

MLPs Still Attractive After Recent Selloff

For safety, stick with the midstream MLP's that basically don't rely on gas prices. They get paid a fee for moving gas, in most cases. In some cases they get paid a percentage of what they move, which would make them sensitive to gas prices. Enterprise is a good one.

Also like LINE and LGCY, former being "gassy" and the latter being "oily". paying in the 15-20% range. LGCY is very conservative and doesn't take a leveraged extra "cut" like Kinder does. The guy running it is "good people", principled kind of guy from Midland TX. Not a slickster like others.

Why Buy MLPs?

I know some guys that tried that death approach...IRS still got their pound of flesh!! If you can time your death just right and hit it when the death tax is low, you'll be okay but its pretty tricky!!! Good way to end a week! Beer Thirty!

Why Buy MLPs?

rdp1: here's an idea to eliminate that nasty little problem when your cost basis goes to zero:

donate the shares you currently own to a charitable organization certified by the IRS. You will get to claim a tax deduction for the entire amount. Then, turn around and buy the same number of shares in your account. That will "reset" your cost basis to whatever you pay for the new shares. All of this assumes you donate money of that quantity to charity anyway. I do this every year. Instead of donating $15,000 to my church, I donate $15,000 worth of stocks that have very low cost basis/very high taxable gains. Then I buy the shares on the market. Its a win-win for everyone...except the tax man who gets way too much of my money anyway!!

Why Buy MLPs?

rdp1: I'm pretty sure that's right. check with someone who knows taxes but I believe you will owe taxes on the "return of capital" portion of the dividend payment, not the whole thing.