I've read that the tax issues of energy MLPs can get complicated, even if held if IRAs. In fact, I've read that they should not be held in MLPs. Any advice? Anyone with experience at filling out required tax forms for these MLPs?
I bought one in a taxable account through Fidelity, and got a warning like "You may be taxed for every state in which the company does business" which could be an awful lot for a pipeline company. I sold the shares within a week.
Okay, so I can't type. Of course, what I meant to say is "they should not be held in IRAs" (some people say)
I bought one in a taxable account through Fidelity, and got a warning like "You may be taxed for every state in which the company does business" which could be an awful lot for a pipeline company. I sold the shares within a week.
Okay, so I can't type. Of course, what I meant to say is "they should not be held in IRAs" (some people say)