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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: DaYooper who wrote (30997)	4/2/2019 11:50:48 AM
From: robert b furman	Respond to of 34328

Hi Da Yooper, Sound a lot like KMI buying up the pipeline partnerships. KMI is a C corp. I think it is the way of many LP's in the future. Adds debt for one thing! Supposedly reduces cost of debt in the future. Bob

To: DaYooper who wrote (30997)	4/2/2019 3:05:00 PM
From: JimisJim	Respond to of 34328

There are too many variables to say for certain... the guys over at iVs MLP board can probably give you a big picture answer... there are some scary scenarios for very long term holders, including/especially claw backs for recapture rule... but if you dripped for any length of time and a bazillion other factors seem to make this a very tricky subject and frankly I gave up trying... I'm just never going to sell -- that was my plan, but early this session I dumped my remaining 1/2 position (I'd cut back to 1/2 when there were "conjectures" wrt dividend safety), and today I'm shopping for a replacement income stream... in my case, I almost never hold through a spin-off or MLP rollup -- the only time I ever regretted that was when ABT spun out ABBV and I sold on the news... don't know about ABT, but ABBV would have been a winner for me... oh well, time for next man up! Oh, and despite the many reasons not to, APU was the sole remaining MLP in my IRA... a few years ago I shifted all the others to taxable acct.

To: DaYooper who wrote (30997)	4/4/2019 12:23:37 PM
From: DaYooper	Read Replies (3) \| Respond to of 34328

Regarding the APU buyout tax implications - looks like I had a similar situation last year. Enbridge did a buyout of Spectra Energy Partners. It's treated no differently than if I had made the decision to liquidate my entire holding of SEP. If you're holding APU in a tax sheltered account no worries for you. But my APU shares are in a regular account as was my SEP. Does anyone know of a website or software or tax specialist that can forecast the tax implications?. I could just sell the APU now rather than waiting for the buyout to close. I need to know the tax hit before the end of the year for other reasons.