whisperonthewind

MLPs After Their Worst Year

Last year was the first for me to use TurboTax and deal with MLPs. I have used TurboTax for a few years, and the MLPs changed the time it took, but now I know how, and it will be easier this year. The difficult part was finding WHERE to enter the information. I'm sure that with the comments they've gotten and the questions they've answered, they will find an easier way for us to locate this info.

As for investing, I like these MLPs because of the dividends. My investments are directly intended to supplement retirement income and they're doing just fine in that. I have LINE, NRGY, and a few more, and am always looking for something new. It's all about the money, and with the way stocks tend to fluctuate, basing my retirement plan on the price of the stock doesn't seem to be the most reliable plan. Instead, I'll take my payback now, thanks! Give me the cash (dividends or distributions, or whatever they want to call it).


On Sep 09 05:10 AM Income4Sail wrote:

> I followed your comments on MLPs through the downturn and picked
> out the units I felt could hold up. (not tied to commodity prices)
> I already had EPD and NRGY from way back. Both have continued to
> pay/raise their distribution and NRGY has shown a fair bit of growth
> as well. I picked up more of both on the downturn. I also picked
> up KMP while it was in the gutter, and while not a fan of MLPs tied
> to oil and gas prices, I grabbed up a bunch of LINE based on their
> hedging into 2011. A common theme in your articles is the tax ramifications,
> specifically the "dreaded" K-1 form. I am finding that TurboTax
> Deluxe has consistently improved how it deals with the K-1. Last
> year I think I actually had to "fudge" one or two lines, and that
> with 4 MLPs! Anyone who is skiddish on their taxes will not like
> their first experience with it, despite partner instructions. Great
> articles please continue to publish them.