Think I'll keep holding for the long term and maybe add more on some down days!
Long time holder here too ( bought in early 90's). I use the dividend money to buy my new running shoes: )))
The only reason that comes to mind for me is a split would make the stock more affordable on a per share basis to new "small" investors.
I too, thank -you for the article. I will continue to hold my shares but will probably not add more at this time.
I'm using Turbo Tax Deluxe (web version). I can enter 4 types of activities: business, Rental real estate, Other Rental , and Other. Since our ETE K-1 (SUPPLEMENTAL K-1 INFORMATION STATEMENT ) lists all activities as "trade/business" they (activities) all need to be entered as business. The only way I have figured out to do this is by entering all K-1's separately...hope that's right: ) Talk about needing a simplified tax code!
Good post as I am kind of confused on this K-1 as well. I have a question (I know you probably aren't a tax advisor,,,,,don't care). Are we required to file seperate k-1's for ETE, ETP, RGP, APU, SXL if we are unitholders of just ETE?
haven't seen the 25 level in years! Maybe we'll get paid our dividends in the near future!
Good question...I haven't seen anything yet and the COP website isn't loading this morning for me here. There has to be a "cost basis calculator" for both of these "new" stocks. Hopefully the info will be forthcoming.
Thanks for the info Cyber. I found the interview on CNBC and I will try to link to it:
Some great information in this thread. I too, like B&W, am holding and hoping for a buyout of the GP but while I'm waiting keep those distributions coming!
Very helpful WTH thanks so much for providing the "Ford" example. From what I gathered even though I owe tax on my issue price versus redemption price, I will be able to eventually add this amount to my cost basis.
Did anyone else receive a 1099-OID (Original Issue Discount) from First Bank Preferred? I'm not very familiar with a 1099-OID so I checked on the TurboTax site where it is explained that an OID is the excess of a bond or notes stated redemption price over its issue price. That being said, and to my question to other holders, won't the redemption price be forthcoming if there is an offer by the management? Bottom line for me--I'm not really sure how to handle this OID amount and was wondering what others will do with their 1099-OID. THANKS!