Energy Transfer LP (ET)

[Prudent Capitalist]

Well, ET is still an LP, and I have actually been getting notices of the potential for the filing of a 990-T, which is incredible since you don't typically see any claim of table UBTI, etc. when you hold the shares in an IRA or other tax deferred acct. But, given a change in the tax cut law a couple of years ago and the recent transactions involving the old ETP ending up being ET, I am told it is a possibility. Everyone just needs to be willing to cope with the even worse tax return complications in holding LP's or MLP's in taxable accts. Not the taxes but how hard it is to prepare the returns if you aren't just turning over to the CPA firm.

P.S. sorry about the mixup last week. Pls take me off block for PM's