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The Water Cooler
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Oklahoma spends 1/3 of its budget on corporate tax incentives!
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<blockquote data-quote="Shadowrider" data-source="post: 2009486" data-attributes="member: 3099"><p>Not yet. Truth be told I have this stock in my HSA account (linked brokerage account) so for the time being it's tax sheltered but I will be paying taxes on it if I don't use it on medical. I haven't sold any units and I'm reinvesting that sweet 25% (based on my purchase price) dividend right back into more units of it. <img src="/images/smilies/thumb.gif" class="smilie" loading="lazy" alt=":thumb:" title="Thumb :thumb:" data-shortname=":thumb:" /></p><p>But don't think for a second that I haven't thought about buying some MLPs in my other accounts. But instead of dealing with the tax issues I've went to royalty trusts in those accounts, although my CPA says it's no big deal if I do decide to buy some. He's good and is not cheap, I don't know if he's just saying <em>"it's no big deal and I'm going to really like handing you my invoice"</em> or if he's just done a bunch of them and has it down pat.</p></blockquote><p></p>
[QUOTE="Shadowrider, post: 2009486, member: 3099"] Not yet. Truth be told I have this stock in my HSA account (linked brokerage account) so for the time being it's tax sheltered but I will be paying taxes on it if I don't use it on medical. I haven't sold any units and I'm reinvesting that sweet 25% (based on my purchase price) dividend right back into more units of it. :thumb: But don't think for a second that I haven't thought about buying some MLPs in my other accounts. But instead of dealing with the tax issues I've went to royalty trusts in those accounts, although my CPA says it's no big deal if I do decide to buy some. He's good and is not cheap, I don't know if he's just saying [I]"it's no big deal and I'm going to really like handing you my invoice"[/I] or if he's just done a bunch of them and has it down pat. [/QUOTE]
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Oklahoma spends 1/3 of its budget on corporate tax incentives!
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