@poncho_mike I won't attempt to give investment advice, but just so you know what you're getting into: In a partnership, you have to track capital at risk and basis. They're not the same, and the tax rules change when one goes below $0, and then change again when the other goes below $0. TT doesn't provide any help with tracking either of those, or walking you through the tax consequences. But it will file the return if you can figure out how to enter everything correctly.
Right now, you're in the easy phase where they're both greater than $0. But each cash payment you receive from an MLP, along with virtually every other tax related number on the K-1, changes both capital at risk and basis (typically lowering them). Without getting into all the intricacies of what changes in the other two regimes, your dividends will eventually get taxed as long-term capital gains in the year you receive them.
As to whether you should keep these in your portfolio, it really depends on how much effort you want to spend learning the intricacies of the tax code (or just hiring someone to prepare your taxes). Its very doable, but not simple. And its definitely not like anything else you can randomly invest in and handle with a 1099-DIV.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
