One small K-1 in a taxable account will add tax return costs if you pay a tax preparer. Plus the K-1 often arrive in early April and hold up tax filing. No real problem in a IRA despite what some shorts say. The whole thing can get complicated but fun if you like to do your own tax return.
I agree with this. When Cramer was talking up EPD and KMP for lottery winners and new found wealthy guys, I was thinking, who wants this in a non-IRA account. I hate K-1 whether I do my taxes or not. They're late and I end up manually inputed all the #$%$ from the form and have little understanding what it all means. Not to mention creating flags for an audit.
Probably, issue is always he never talks about the k-1 or tax implications other than not to hold in an IRA. So then "newbies" get the k-1 the following year and freak out and sell or hate waiting for it. Creates weak hands as buyers.