FYI: What a difference a rate makes.
With the signing of the new tax bill into law, the value of some funds investing in energy stocks will go haywire, shooting up by 10% or more.
More than 70 mutual, closed-end and exchange-traded funds, with a combined total of $54 billion in assets, specialize in master limited partnerships that handle oil and natural gas. Many of these MLP funds have long been riddled with tax complexities, turning every dollar of MLP income into 65 cents for their investors. As the tax law shifts, those complexities are changing too — and could take inattentive investors by surprise.
Regards,
Ted
http://jasonzweig.com/energy-investors-behold-the-miracle-of-the-tax-law/
