Quote:
Originally Posted by WSSix
Is this only if you sell the stock or will this be something anyone who owns stock in KPM will have to deal with every year?
Happy Birthday Greg.
Thanks
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#1 -- Thanks!
#2 -- MLP's and Royalty Trusts are "DISTRIBUTIONS" rather than "dividends" - and as such have tax consequences. That doesn't mean you have a tax problem - it just means that they are shown on tax forms and you'll get tax forms sent to you for the amounts you receive.
#3 -- This doesn't mean much if they're held in IRA/ROTH accounts etc.
#4 -- Unless you have pretty large holdings of this stuff - you're unlikely to get enough distribution that it's going to have a taxable influence on your overall earnings. I wish that weren't so! I wished you all were getting 50K a year from these bad boys!
