Thanks Greg, I'm assuming that KMI has other "investments" that it owns besides just KMP?
We've set up Limited Partnerships up before as a way to create Passive Income to offset Passive Losses...so I'm well aware of the structure and why it is used. If you know who the managing partner is and you are all on the same page, it can be a real nice tool. Owning one can certainly add some additional Tax Return calculations though.
In fact, the very first shares of stock my wife and I ever owned were of a LP. She worked at the time for ChemLawn who was owned by ServiceMaster at the time. She received shares of ServiceMaster in her 401K as contributions that eventually rolled into her current IRA. Helluva way to dip ones toes into the stock market for the first time.
