MLPs anyone?

[Merlin]

Does anyone on this board invest in MLPs (Master Limited Partnerships)? If so, how much trouble do they create at tax time?

 

[unclemick]

Nope. The only advice I've read is to hold them in the taxable portion of your portfolio and have tax software/or an accountant that can handle k-1 forms with ease. Have a small LP(not MLP) and she punches the k-1 into the tax software - no problem.
Looking at Kanab(KPP) and Kinder Morgan(KMP) - but only if some money falls into my lap unexpectedly - ie not anytime soon.

 

[charlie]

I have not looked seriously at MLPs but have the
vague impression that they are sort of scary, not
very liquid and are mostly for the benefit of the Ms
in MLP.

Cheers,

Charlie (aka Chuck-Lyn)