EDP

[KTMarty]

What is everyone thoughts on EDP?

Div Yield 6.27%
Div Growth 5.28%
18yrs of div growth

breaks trend line of ~26.22 may climb back up.

Will Energy Stocks rebound?

[EricL]

I like energy, especially if OPEC follows through with their recently announced production cut, and see EPD as one of the better MLP's around.

Just be aware that it is an MLP, and you will have to deal with K1's at tax time with it.

[KTMarty]

(12-01-2016, 12:35 AM)EricL Wrote: I like energy, especially if OPEC follows through with their recently announced production cut, and see EPD as one of the better MLP's around.

Just be aware that it is an MLP, and you will have to deal with K1's at tax time with it.

I owned this MLP awhile back (5 yrs?) and forgot if turbo tax took care of the K1's. Have not heard back from the IRS ... yet.

I'm lazy when it comes to tax time and do not want any other issues that turbo tax can not take of.

 Anyone know if Turbo tax takes care of MLP's ?

[ChadR]

I don't use turbo tax, but every other tax software I've used (and I've used plenty) has no problem taking care of the K-1s from MLPs.