stormy

TEPPCO Partners: A Pipeline For Profits?

This is not an ordinary corporation...it is a Master Limited Partnership. They are not dividends, they are distributions. Semantics aside, the uninformed investor will have a rude awakeing come tax time when they receive a "K-1" to report thier share of the partnerships profits, losses, depreciation etc, and not a "normal 1099 DIV" to report thier dividends. I own this, and its been good to me, but buyer beware...its a little more complicated at tax time.