Thanks Mmarrkk, I will call my CPA next week. To: CT Programme....the only way out of paying taxes I am told, is to die. Then the cost basis goes to stock price as of date of death or 6 months later.
I have a question: I, too, have held KMP and other MLP's for years and am happy, indeed. My KMP cost basis will be zero in 2009. However, i did not know that when the cost basis falls below zero that i would have to begin paying for dividend income at that time. Are you certain of this provision?
Why Buy MLPs? [View article]
I will call my CPA next week.
To: CT Programme....the only way out of paying taxes I am told, is to die. Then the cost basis goes to stock price as of date of death or 6 months later.
Why Buy MLPs? [View article]
My KMP cost basis will be zero in 2009.
However, i did not know that when the cost basis falls below zero that i would have to begin paying for dividend income at that time.
Are you certain of this provision?
TEPPCO Partners: Dividend Analysis [View article]
Doesn't anyone proofread this guy?