would there be some advantage to holding LINE is a taxable account if you plan on NEVER selling? As most of the dist are tax free and you would not have to worry about ordinary income gains as the heirs inherit at the new basis?
I don't know WHAT if anything will be a target in the future. With all the budget cuts and problems the IRS has now. I think they are still concentrating on ID theft and other scams. They are cutting back on services and I don't think they have the manpower to add many more areas of investigation. I don't think charity will be on the list.
LNCO makes life more simple. No K-1 to deal with. UBTI usually negative for most MLP's so should not be a factor for most people while you hold it. You lose some advantage of LINE by holding in IRA, because much of its distribution is tax free return of capital. Its similar to holding a tax free bond fund in your IRA. Down the road if you sell LINE from your taxable account you will have a bigger tax event. Best plan is to NEVER sell and pass on to your heirs. Just some thoughts. Tax issues are not black and white. Many grey areas and everyone's situation is different.
Sadly, almost every board has its 'Gary'. Either pumpers or bashers.. Either they just like to hear them self talk, or think what they post actually effects price movement
I think this will be another good year for preferreds. Also I think Donk will be wild when beaten down hi yielder O's total return outperforms bubble stocks like CLX and GOOG
I don't know what a REET is, but there have been about 15 articles in Motley fool this year recommending O as a good investment
colorful language is always appreciated. But it can't change the fact that he says the preferred dividend can be cut and that O issues K-1s. He jokes about it now, but he first made those claims as lies.