promotion image of download ymail app
r f asked in Business & FinanceInvesting · 9 months ago

Anyone own Sunoco LP (SUN) ?

I've never owned an MLP. Have they always been timely getting you the K-1 documents you need. My biggest concern with MLP's is having to file an extension due to them not providing tax documentation on time.


2 Answers

  • Eva
    Lv 5
    9 months ago
    Favorite Answer

    K-1s are often slow as the partnership returns are not due until March 15 and they can get an extension. Personally I find them a PITA to put on a return as there are a lot of entries for not much money. I have yet to see anyone get much income from one.

    • Commenter avatarLogin to reply the answers
  • 9 months ago

    This is the number one reason why I don't invest in MLP, getting the K-1 documents late

    • Commenter avatarLogin to reply the answers
Still have questions? Get your answers by asking now.