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I'm just starting to learn about MLP's as an alternative to preferreds and even REIT commons. I've read a lot, but one issue that comes up is the question of state taxation. One article indicated that the taxpayers has to pay taxes to each state the partnership is involved. Is this true?

Also, as a user of Turbo Tax for my personal Fed taxes, is this tax software capable of handling what is construed as a "complex" tax preparation issue?

Thanks, Bill
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