Just phoned LNCO and found out the dividend this year will be return on capital. New 1099 in the mail about now. Not what I like to hear. lose+lose. as I see it. They hope to have it qualify dividend nest year,
I see what you talking about. Just did some re- figuring.. Need to go back to the CPA and nail down what he said. I know he charges more to do trusts. I have watched you posts over the years. Your always right.!!! well most of the time.
not so . my CPA, a very sharp one at that. depletion yes but in the end admin expenses eat to much up. I would be further ahead with LNCO. That was just the example I gave him because the divi was about the same.
bought BPT in 01. sold when it was high, Did get divided short time. just finished my taxes for last year. Not sure why anyone would own this for the long term. hope you all know they take 55% of the divided back for administrative expenses. So a 10% dividend will only get you 4.5% in the end. I like LNCO better you pay straight income and only lose 1% over qualified.
"Will be sent to Unit holders on the Trustee’s records at any time during 2012." they say this but I didn't get one last year.