Kinder Morgan Energy Partners, L.P. Message Board
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Anyone hold this in a IRA?
I am curious if you have to enter any of it or put claim to owning it on your income tax forms?
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I don't think you do...unless you sell it.
- 3 Replies to shadeofpale
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Why would you do anything if you sold it in an IRA?
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KMR has allowed us to participate in MLP's without current tax consequences in our otherwise taxable accounts. The fact that they pay quarterly distributions in stock allows for tax free status and it allows reinvestment which is what we do in both IRA's and taxable accounts.
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Agreed. Why other MLPs don't have a KMR type option is curious.
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EEQ is the only other MLP I know of that is equivalent to KMR. For some reason EEQ is selling at a premium to EEP whereas KMR is selling at a discount to KMP.
Jim -
I hold it in my Ira. Report it on the K12. Usually not available till March from the company website. (That is the downside) no way around it.
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if you have over $1000 of MLP income..whether its in an IRA or not..youll be responsible for taxes.....
- 1 Reply to blake54m
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Blake, you are just absolutely, 100%, positively, and completely wrong. Where on earth did you come up with this idea. Sure hope you don't do your taxes yourself; or maybe you should to relieve the nations debt a little.
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