There no tax on SPH. That was an even swap. The amount of SPH was about 34.50 and the same amount of cash was taken from the value from the NRGY account.I think the same thing is going on here. Midstream is being spun off and nothing more. If I am wrong someone please tell me what they think. My broker is on vacation until the 13th so I haven't talked to an "expert" about this. The price today tells me I'm right .