@nexchap @Mike9241 @tagteam
I want to thank everyone for their help. Since you guys seem to have more experience with MLPs, I would like your input.
I currently own a stock named Pembina Pipeline Corporation (PBA), which pays good dividends currently at 6.2%. I have owned it for quite some time. I planned to retire in 2021, but with Covid I was able to work from home, so I hung around a little longer. My plan was to start building a portfolio of dividend stocks for the income. I was not prepared for the added complexity of dealing with the K-1.
What are your thoughts about owning MLPs in general? ET is currently yielding 8.73%. I'm not exactly sure how this dividend is being taxes? Is it receiving qualified dividends tax treatment, or is much of the dividend a return of capital and not taxed until I sell?
Thanks for your help.
Mike
