Originally Posted by MRG
No. I've seen some info on how the units will converted 1 KMP = 2.19 (?) KMI. Same source claimed a ~$10.00 payout per unit of KMP. No details of how or when this happens(4Q 14?). So I've got no guess on taxes. If it's a 2014 event, I'll get to learn how my MAGI estimate impacts ACA subsidys.
I guess that's not a bad problem to have.
According to my MLP Newsletter, KMP shares are sold so all taxes will be due as if it were an normal sale, but you'll get KMI shares at a new cost bases:
1 KMP share = 2.1931 KMI shares + $10.77
KMR get a like kind exchange so there is not sale tax due:
1 KMR share = 2.4848 KMI shares
All will be completed by end of 2014.