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PIMCO Total Return Active ETF Message Board

dlpartin2003 4 posts  |  Last Activity: Oct 23, 2015 11:18 AM Member since: Aug 16, 2012
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  • dlpartin2003 dlpartin2003 Oct 23, 2015 11:18 AM Flag

    I just called a broker and asked him about this tax issue regarding MLPs. He said yes, it is true that one typically has to pay state income taxes in multiple states on earnings that such companies do business in. I asked if this was also true when one makes such investments from tax deferred IRA accounts. He said that he is less sure of the answer, but he thought it was still true. He added that, as a matter of personal experience, such companies are sometimes slow about mailing a form that investors get to complete their taxes, with the form arriving in some cases days after the deadline for fining one's taxes. I'm going to stay out of these investments. The interest rates are nice, but not worth the hassel to me.

  • dlpartin2003 dlpartin2003 Oct 23, 2015 10:29 AM Flag

    Some of the stocks that this fund invests in are MLPs, Master Limited Partnerships. Many of these are natural gas pipeline companies that operate in many states that their lines cross through. I heard that such investments require that one pay income taxes on earnings in each state that such companies operate in. I've been unwilling to invest in these funds for that reason. Does anyone know if this is true?

  • Reply to

    Now I am confused!

    by don.leathers Dec 13, 2012 9:57 AM
    dlpartin2003 dlpartin2003 Dec 13, 2012 11:33 AM Flag

    I think that confusion reigns, since the big dividend has not yet been "added" in. That will come soon. Also, the recent Fed announcement about future interest rates was "okay", but sounded less certain to keep interest rates low for a long time. I'm sticking with BOND myself. I'm also "in" the related mutual fund, PTTDX, which has an even larger dividend in the works, and had a correspondingly larger drop in fund price. My two cents.

    Sentiment: Buy

  • dlpartin2003 by dlpartin2003 Aug 16, 2012 11:39 AM Flag

    It was straight up, but now it's drifting lower. Has something big happened to the bond market to make this happen? Is this a pause, or is it going down? Maybe nothing is straight up all the time?

BOND
107.042-0.118(-0.11%)9:37 AMEDT