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There was a WSJ article on these the other day. Yes, UBTI and k-1 reporting are no longer a problem. But for most people, it wouldn't be anyway, since it only kicks in if it is over a certain amount. On the other hand, expense ratio is an issue, and for a non-retirement account, you lose the tax advantages of the basic MLP.I recently sold an MLP, and the k-1 had a negative effect on my taxes.
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