To read subscriber stories for free - copy the title of the article, paste the title into Google search, click on the search result for that title. This works on all WSJ publications articles.
Having distribution classified as qualified dividends will work out better for LNCO shareholders that are in the 10% or 15% marginal income tax bracket. Taxpayers in the 10% or 15% bracket pay zero income tax on qualified dividends.
Rich Kinder bought another 199,165 KMI today @ 32.09 per share. You sell, he buys. We'll see who comes out best in the long run.
The article is rehashing old news. Most of the damage has been done. Impact will be negligible. With insiders holding 35% and institutions/mutual funds holding 52% of shares outstanding, there is not going to be much panic selling based on old news.
At these prices, I can see Rich Kinder and private equity taking KMI private again.
Read the whole article. It is a rehash of the Hedgeye hatchet job from last Sept. Copy and paste "Kinder Morgan: Trouble in the Pipelines?" into Google search. Then click on the first link. This works for all WSJ publications subscription articles.
To read the whole Barron's article, copy and paste "Kinder Morgan: Trouble in the Pipelines?" into Google seach. Then click on the first link. This works for all WSJ publications subscription articles.
Why come this message board when you can just as easily go to the WPRT website for the answer:
PUBLISHED: FEBRUARY 19, 2014
VANCOUVER, BC – Westport Innovations Inc. (TSX:WPT / NASDAQ:WPRT), engineering the world's most advanced natural gas engines and systems, announced today that it will disclose its financial results for the fourth quarter and year ended December 31, 2013 on Wednesday, February 26, 2014 after market close.
LINN and Seadrill are totally different situations. The questions surrounding LINN were accounting related - how they treated puts on their P&L. The questions surrounding Seadrill (and the whole offshore drilling industry) are operational in nature - whether day rates for offshore rigs are sustainable in 2014-15.
The manner in which LINN accounted for puts was within their control. The day rates that the offshore drilling industry can charge are much more macro in nature.
You should be addressing this issue with TD Ameritrade, not here. No one's opinion here carries any weight with the TD Ameritrade or the IRS. All you did by coming here was delay getting a response from TD Ameritrade.
Puts are an insurance policy that limit price downsides. They do not limit price upsides.
Boardwalk is midstream, LINN is upstream and it's output is hedged through 2017. Boardwalk and LINN are like apples and oranges.
The original question was about taxes on LNCO distributions. LNCO distributions are not a standard dividend and are not taxed as a dividend.
According to IRS Publication 17 is "A nondividend distribution reduces the basis of your stock. It is not taxed until your basis in the stock is fully recovered. This nontaxable portion is also called a return of capital; it is a return of your investment in the stock of the company".