Most people avoid MLPs because of the "dreaded" K-1 tax forms. But once you really understand the tax advantages that come with investing in these types of companies, you might change your tune.
Yes, K-1 forms are a pain in the butt, but that's what tax preparers are for. Some of our favorite stocks are MLPs. One of them is managed by Carl Icahn who's considered to be one of the great investors just like Warren Buffet.
Tickers we discuss in this episode:
- NEP
- MMP
- ARLP
- IEP
- UAN
- KRP
- NRP
- DMLP
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Ticker metrics change as markets and companies change, so always do your own research. The content in this podcast is based on personal experience and is for educational purposes, not financial advice. See full disclaimer here.
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10/17/23 • 36 min
Roaming Returns - 015 - Why MLPs Are Worth Owning Despite Their K-1 Tax Forms
Transcript
Welcome to Roaming Returns, a podcast about generating a passive income through investing so that you don't have to wait till retirement to live your passions.
Today's episode is all about the masters of limited partnership. These babies are completely misunderstood because of their tax implications. And many people avoid them like the plague. Once you understand what an MLP is and how it works, they're a great asset to add to your portfolio to tune in, we're going to go over all the detai
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