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Kinder Morgan Energy Partners Message Board

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  • NORCROSS2 NORCROSS2 Jun 19, 2012 6:23 PM Flag

    any body know

    Also if you own KMP or any other mlp only in a Roth or regular IRA, you might still get a k-1 statement from your mlp just before tax time in April. You can just disregard whatever is on your k-1 regarding interest, expenses, capital gains, or distributions. None of it is reportable on your 1040 because you hold your mlp's in IRA's.