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NuStar Energy L.P. Message Board

  • arbtrdr arbtrdr Jan 26, 2013 5:29 PM Flag

    Before you buy a MLP like NS please read.

    There is a long thread with about 10 posts with totally incorrect information about MLPs like NS and taxes. BEFORE, hopefully, you buy a MLP go to the NAPTP website (National association of Publically traded Partnerships) and read their primer on MLPs. All owners need to understand that you report your taxes using a K-1 and not the broker 1099. That you can have taxes due on MLPs held inside an IRA. That a MLP deferrs taxes, it does not eliminate them thus selling after holding for many years can be expensive because of recapture of depreciation. Last, that a sale of part of your holdings in a MLP makes a sale even more costly taxwise and much more complicated to file.

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