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Non-Tech : Is Terra Nitrogen Co. L.P. a good buy? (TNH)
TNH 83.960.0%Apr 2 5:00 PM EST

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To: BD who wrote (36)8/19/1997 4:20:00 PM
From: jhild   of 91
 
Brian,

It is my understanding that TNH is a LP. Because of it's higher rate of income return I have found it better for me from a tax pov to keep it in my IRA. However, as a LP I understand that there are some interesting advantages with respect to the income being a return of capital and consequently not treated as income, but reducing your basis. I have never looked into this aspect of the stock or the paperwork required for tax filing, so seek competent counsel on this before relying on my limited knowledge.

Overall I have been quite pleased over the last couple of years with the return. Not dramatic, but a steady earner.
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