Downside is if some of the producers stop producing and start to renegotiate contracts with ETP and other carriers.
Black Scholes option pricing model takes into account dividends paid in its pricing model.
WRS owns a percentage, but the other percentage is held by non-WRS investors. Who do you think owns the shares traded on the exchange?
I don't think that MS would get 10% for the sale. Secondly you are forgetting that net current assets could be used to pay down debt. Thirdly, not all of the debt would be retired. And last, the amount per share you have assumed is too low in my opinion.
So I think that your scenario is way too conservative.
Can someone explain the "Adjustments to Tax Basis" on the section 751 statement included in the K-1? I owed 1000 shares that I purchased in 2013, but I have a $14,141 adjustment. That really increases my gain.
I am trying to prepare my own tax return using HR Block's Tax Cut.
+As a follow-up, my K-1 ordinary losses for 2013 and 2014 totaled approximately $7,500. It seems as though the above adjustment should have been closer to the $7,500 and not the $14,141.
thanks to you and johnsou812. I have not owned my units long so my tax hit was not so bad but I now understand what a huge tax hit some of the unit holders are going to take.
Differs by $501 as I also needed to also add the K-1 box #10 to obtain my losses not deducted previously.. Called the KMI 800 telephone number but they were not able to help. It was a person who said that I needed to contact my broker to change the number of shares that I owned. Even though the share numbers are correct.
If anyone else has the same problem, I would like to hear from them. thanks.
Exclude lines 5, 6, 7, 13H, and 20J as you should have picked those up when you filed your prior years' returns. I have the same problem, I am off by $638 (14,000 in column 6).
I am very disappointed that KMI didn't provide a better explanation of how to recreate, or check, the Column 6 number. I called the 800 telephone number listed with the K-1, but they can't help you.
Since KMI reported you as receiving ordinary income from the sale, the IRS will catch you if you fail to add it to your return. The IRS can do the matching and determine if you didn't report the ordinary income. You are also required to file an IRS section 751 statement with your return if you report ordinary income from a MLP. See the example format delivered to you with your K-1. It also shows you the amount of your ordinary income that KMI reported to the IRS.
KMI has done a terrible job of explaining the Adjustment to Tax Basis column (6).
More imports to US from Mexico and more shipping into Mexico ports from Asia with goods that ultimately need to be shipped to US. It is getting to expensive to ship to S. California ports so hopefully importers will pick Mexican ports instead.
Minimal energy shipments exposure so not as impacted by lower energy prices, however benefitting from lower energy costs.
Good luck to all longs.
Sentiment: Strong Buy