Anonymous
Not applicable

Investors & landlords

we are not investment advisors.  It is a publicly traded partnership so from a perspective the only way you could owe a lot of taxes is if it made a lot of money.   if it made a lot of money the price would rise so if you sold you would have money to pay the taxes. Or it could pay a nontaxable distribution for the money it earned.  so again you would have the money to pay any taxes (the price would go up for the profits and down for any distributions).  or a combination.    if it loses money such losses aren't deductible until the year you sell your position.    consider that over the last year the price was at one point over $100/sh and now at the end of May 2020 is about $25/sh 

 

 

 

what probably happened to others is they bought when the price was high and sold when the price was low.   so in such a situation they could have income (2019) on which they would owe taxes and a capital loss (2020) which for a year is limited to $3,000 and maybe some ordinary loss as well.