No. of Recommendations: 1
"If you have invested in MLP's before and are aware of their special tax situation and implications, great. If not, read up on them before you do....not sure if you have the same sort of tax issues (i.e. UBTI in tax-deferred accounts)."

MLP ownership can be a problem even in tax-deferred accounts, as I understand it - income may become taxable even in a tax-sheltered account like an IRA.

Another issue with MLPs is that they can be converted to standard, stock ownership which may bring some unwanted homework. Here's an article describing the conversion of Kinder Morgan a few years ago:
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