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Kinder Morgan Energy Partners, Message Board

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  • saiani saiani May 3, 2011 9:24 AM Flag

    Tax Basis Question

    I was using TT, it is still not fun to do. plus you have to wait on some of the K-1 untill the last minute. I never did see the real advantage of it any way because at some point your basis goes to 0 and your tax payment goes way up plus when you sell it you owe tax on all of it with a cost basis of 0. Just not worth it.