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Kinder Morgan Energy Partners Message Board

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  • epholder epholder Sep 9, 2012 3:39 AM Flag

    Zero basis MLP.

    Donedealer, I wanted to let you know that my first MLP investment was three years ago, and I am nowhere near zeroing out my tax basis in any of my MLPs. So it would be premature for me to pay for tax advice regarding a situation that would not arise for me until many years from now. By then, more and more investors will have reached the zero basis situation and the tax manuevers using N/R debt in basis or buying more units will have been thoroughly discussed on these message boards. These tax aspects of zero basis will become more widely known and common knowledge.