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pyc435

pyc435
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  • I'm Dumping Shares In HCP And Hiring Debra Instead [View article]
    Rod, It's ok to hold MLP in regular brokerage taxable account. Beware that at tax filing time, special forms are required and sometimes filing in each state that the MLP does business in is required. Again, I'm no expert so consult your taxman.
    Oct 7, 2013. 02:27 PM | Likes Like |Link to Comment
  • I'm Dumping Shares In HCP And Hiring Debra Instead [View article]
    Rod, to the best of my knowledge, "dvd" rec'd from REITS is taxed as regular income and as such is better suited for non-taxable account if you have a choice as to which account to put them in. MLP's on the other hand, are tax-advantaged because most of funds paid is return of capital. If held in a non-taxable account, the consequences could be a nightmare - including UBIT. There have been numerous discussions on MLP tax implications on this site. It's best to discuss with your tax accountant.
    Oct 7, 2013. 02:09 PM | Likes Like |Link to Comment
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