stormy

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TEPPCO Partners: A Pipeline For Profits? [view article]
I agree that TTax has made the yearly tax filings pretty much a non issue. However, the prospect of dealing with the tax consequences upon the sale of this has me resigned to take this to the grave with me, and let my heirs deal with it. My only point is that MLP's are a different animal and the investor must know this before investing. I've also invested in KMR, to enjoy the benefits of the industry, but not the hassles of tax issues. May 09 08:51 AM
TEPPCO Partners: A Pipeline For Profits? [view article]
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. May 09 08:29 AM

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