02-26-2014, 10:22 AM
(02-26-2014, 09:59 AM)hendi_alex Wrote: If bothered by tax implication, why not just buy KMR, which is the same as KMP but pays the dividend in shares. IMO, this is essentially the same as owning KMP when set up with drip. Except KMR represents the greater value, as shares currently sell at a discount to KMP, therefore yield a little higher %.
I was planning on using the income, not reinvesting, which is why I wanted KMP. I'm just unsure about the tax implication. Will the brokerage keep track of my cost basis, like they do with my div reinvestment or will I need to do that on my own?