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Energy Transfer Partners, L.P. Message Board

lizahuang54321 757 posts  |  Last Activity: Apr 16, 2014 4:05 PM Member since: Mar 20, 2010
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  • Reply to

    Distribution announced

    by nortini Apr 4, 2014 4:43 PM
    lizahuang54321 lizahuang54321 Apr 6, 2014 6:21 PM Flag

    as the other guy said, the announcement timing was consistent with the usual schedule.

  • Reply to

    Chevron in talks with NS

    by mark.karpeles Apr 6, 2014 10:40 AM
    lizahuang54321 lizahuang54321 Apr 6, 2014 6:11 PM Flag

    Quite the opposite. All the big US oil companies, including Chevron are divesting their midstream operations. No way they would buy something like NS. If they owned these kind of assets they would be selling them. The assets are more valuable inside an MLP structure than as part of a c-corp.

  • lizahuang54321 lizahuang54321 Apr 6, 2014 6:07 PM Flag

    you are apparently the only person in the world who thinks so, so the most likely conclusion is that you don't know what you are talking about.

  • Reply to

    Litigation outlook

    by bighairybutt Mar 20, 2014 2:48 PM
    lizahuang54321 lizahuang54321 Apr 6, 2014 6:04 PM Flag

    XTO's argument is that they did receive it and distributed it to unitholders.

  • Reply to

    Liza

    by babyfat101 Apr 5, 2014 8:10 PM
    lizahuang54321 lizahuang54321 Apr 6, 2014 6:03 PM Flag

    Receiving a distribution is nothing to do with the 30 day wash sale rule. Not sure where you got that idea.

  • Reply to

    Is K-1 Final?

    by hobbycat01 Mar 24, 2014 6:13 PM
    lizahuang54321 lizahuang54321 Apr 6, 2014 5:59 PM Flag

    You posted your question on a different board.
    It is easy to access your K-1 online.
    Go to the company website and follow the links.

  • Reply to

    Missing K-1

    by billeesands Apr 6, 2014 1:38 PM
    lizahuang54321 lizahuang54321 Apr 6, 2014 5:57 PM Flag

    yes, you can print it out online. go to the company website.

  • Reply to

    There's a simpler solution to filing the ,,

    by buybackerer Apr 3, 2014 6:58 PM
    lizahuang54321 lizahuang54321 Apr 6, 2014 5:52 PM Flag

    Way overpaying taxes. Why would anyone do that? You pay huge extra money to the IRS and give up the main benefit of investing in MLPs which is the tax deferred income. So why invest in MLPs at all in that case. Just a dumb suggestion.
    And anyway, how would you report it? If you report it as dividends then you would not be paying the full tax. You have to report it as something. Actually, don't even bother replying because it's such a stupid idea.

  • Reply to

    Am I ?

    by maxed33 Mar 25, 2014 11:20 AM
    lizahuang54321 lizahuang54321 Apr 6, 2014 5:47 PM Flag

    It's not terrible, my point was just that people always make this pointless comparison to savings account rates, as if to imply the MLP under discussion and a savings account are the only two available investment options. In reality there are many, many MLPs and other investments offering superior returns. Meaningless to comparie it to a saving account. Compare it to other MLPs if anything.

  • Reply to

    The production decline curve is your friend

    by sourdough27a Mar 30, 2014 9:58 AM
    lizahuang54321 lizahuang54321 Apr 6, 2014 5:44 PM Flag

    First you have no guarantee that there will be $17 worth of distributions from ECT over the remainder of its life. So your analogy is not really realistic.
    Second, if it paid out double the price but took 15 years to do it, I would probably also decline as my other inestments double my portfolio value about every 5 years. So your stated level of performance would drag down my portfolio value.
    Having said that, I do have a smallish position in ECT, just in case it turns out better than expected. My last buy (at which point I doubled my position) was in the $7 range.

  • Reply to

    LISA

    by davecharles2901 Apr 5, 2014 11:41 PM
    lizahuang54321 lizahuang54321 Apr 6, 2014 5:39 PM Flag

    sorry, haven't read it and no time right now. Maybe ask rogere who seems to have a pretty good handle on this investment.

  • Reply to

    Help, please

    by ryanbox45 Apr 4, 2014 5:38 PM
    lizahuang54321 lizahuang54321 Apr 6, 2014 5:38 PM Flag

    If you want to invest in a security like this you should learn about the taxation handling.
    I wonder if you took your depletion deduction which would have offset a lot of that income you had to report.

  • Reply to

    Alerian Index MLP

    by jberns2421 Mar 20, 2014 6:08 PM
    lizahuang54321 lizahuang54321 Apr 6, 2014 5:23 PM Flag

    The Alerian fund is not managed by the people who manage the index. It is just a fund that capitalizes on the name Alerian, just like there are many S&P 500 index funds which have no connection to the people who manage the S&P 500 index.

  • Reply to

    What is Reported as OID?

    by blackshango Mar 27, 2014 7:13 AM
    lizahuang54321 lizahuang54321 Mar 30, 2014 8:06 PM Flag

    In summary, from the table on p12, here is how I'm doing it now:

    -Term NPI: I used to include this along with the OID, but to match my 1099 I now report it as INT. I think it makes no difference to the result whether reported as INT or as OID as they are both interest.
    -OID accrual I report as OID
    -Admin expense I put in the royalty interview in Turbotax so it ends up as a schedule E deduction
    -State tax I put in as a witholding on the OID in the Turbotax screen which prompts for it.

    From the reconciling items:
    -Term principal repayment goes in schedule D with basis = proceeds so no taxable
    -OID cash distribution from 2012 was the OID accrual amount on my 2012 tax return so is not declared again
    -OID accrual 11/20/2013-12/31/2013 is just the negation of the taxable income amount because it figures into the Feb 2014 distribution which was not included in the 2013 total distributable cash. That number will be the reconciling item for OID cash distribution from 2013 in the 2014 tax packet.
    I wish they could avoid this whole 11/20-12/31 accrual business as it makes the calculations more confusing. Would be much simpler if they could just report the actual amounts received as distributions during the tax year.

    This is pretty straightforward so long as you don't buy or sell units in that 11/20-12/31 period. If you do that then you get into pro-rations, etc which I didn't have to do for a few years and try to avoid. But I try to make sure that all my calculations match distributions actually received, and also try to match to the 1099 as closely as possible and if an adjustment is needed to match the 1099 I use the OID adjustment box and may include a note as to why I did that. The first year I did a trust like this (which would have been WHX) I found it very confusing. But now having done it for several trusts for a number of years (WHZ, MVO, VOC) it becomes pretty automatic, especially if I have the same unit count all year. Try not to trade in that accrual period.

  • Reply to

    What is Reported as OID?

    by blackshango Mar 27, 2014 7:13 AM
    lizahuang54321 lizahuang54321 Mar 30, 2014 7:50 PM Flag

    I am not any kind of tax expert but just follow the instructions in the tax booklet.
    Regarding the total taxable income, I think it's just to illustrate which amounts figure into your taxes in your 2013 tax return. Then the reconciling items illustrate how the adjustments (amounts reported in another tax year as well as the non-taxable principal repayment amount) adjust it to total the distributions you received.

    I used to enter both Term NPI and OID as OID interest in my tax return, but my broker always reports the Term NPI as interest, so I switched to doing it like that just to be consistent with the 1099. In the end, I think it makes no difference as they are both taxed as interest. So I enter an interest amount (Term NPI), OID amount sometimes with an accrual adjustment if I need to adjust my calculation to be consistent with the 1099), admin expense goes on schedule E and principal repayment I enter as schedule D proceeds with proceeds amount equal to basis. This is all entered with Turbotax, and there is somewhere where the interview asks for state tax (I think maybe in the OID section) so I put the Montanta state tax in there. I try and match the 1099 as closely as possible and sometimes have had to use the accrual amount to make any adjustment to the OID amount reported on the 1099. My broker seems to be doing a better job now than in previous years though and matches pretty well with my own calculations.

    So, all the amounts listed making up the total taxable income get entered somewhere in the 2013 tax return.. Under the reconciling items, the principal repayment can be entered as schedule D proceeds with basis equal proceeds so non taxable. The OID cash distribution from 2012 amount would have been reported on last years tax return as the OID accrual amount. The OID accrual 11/20/13 - 12/31/13 is included in the taxable income for 2013 but is not actually received as a distribution till 2014 so this reconciling item subtracts that amount to get the 2013

  • Reply to

    Break Out!!

    by tradeingfool Mar 26, 2014 11:28 AM
    lizahuang54321 lizahuang54321 Mar 30, 2014 6:23 PM Flag

    It was just added to a TSX index fund for one thing.

  • lizahuang54321 lizahuang54321 Mar 30, 2014 6:15 PM Flag

    wow, I have had yahoo handles based on mine created before (notably fulizahuang) but this is the first time it's happened in a positive way.
    P.S. I am checking these boards much less frequently lately, mostly just once per week which means my posting actiity will be way reduced. I am still in the same investments, just got tired of the yahoo MBs and have better things to do with my time.

  • Reply to

    Income tax reporting

    by rogerwenman Mar 25, 2014 4:11 PM
    lizahuang54321 lizahuang54321 Mar 30, 2014 6:06 PM Flag

    Why would you file your taxes knowing you had not received the tax forms?
    SDT does not pay dividends and the income on the K-1 is reported to the IRS so there is a good chance of an automatic paper audit due to not reporting income (computer checks don't match). Given your income it's unlikely to make much difference to the result but it's really not smart to file before you receive your tax info. And furthermore, if your finances are as you say, I question the wisdom (to put it very mildly) of putting your money into an extremely speculative security like this.

  • Reply to

    Strong Buy

    by fav_for_08 Mar 27, 2014 2:12 PM
    lizahuang54321 lizahuang54321 Mar 30, 2014 6:01 PM Flag

    Don't think you understand this is a trust.
    There can be no additional hedging.

  • Reply to

    thks

    by bobbyjopro Mar 21, 2014 4:52 PM
    lizahuang54321 lizahuang54321 Mar 30, 2014 6:00 PM Flag

    I prefer CRT.

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