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Thanks, Brian
Much appreciated.
I have eliminated my retirement account positions and reduced my post-retirement account exposure to keep distributions just below $1,500. Importantly, these distributions are not dividends, they are earnings on which taxes are paid. However, there is a tax advantage in that earnings are reduced by expense (e.g., amortization, depreciation) so they are somewhat tax advantaged. Keeping BIP in a retirement account complicates things and nullifies the tax advantage, so it is not a good idea to buy shares in a tax-advantaged account.
I was a bit thrown off my Seth and Michael's saying that BIP is "similar to a master limited partnership. As far as I can tell, it seems to be one.
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