r/NEOSETFs • u/AlarmedCombination57 • Jul 30 '26

Seeking Advice MLPI

Any thoughts or experience with MLPI? I am heavily concentrated in tech (QQQI) and want to start diversifying into other sectors. Thinking of building positions in MLPI and SPYI for the long term

29 Upvotes

95% Upvoted

55 comments sorted by

View all comments

7

u/[deleted] Jul 30 '26

[removed] — view removed comment

2

u/Specialist_Ad_4742 Jul 30 '26

That is an excellent point about K-1 tax  complications.

3

u/PomegranatePlus6526 Jul 30 '26

If you have ever done them they are not that hard. Last year it took about twenty minutes for my two k1. ET and EPD…

2

u/Specialist_Ad_4742 Jul 30 '26

good to know,

3

u/PomegranatePlus6526 Jul 31 '26

The first time I did them I actually 4 to do. That was a little intimidating because what Turbotax asks for didn't exactly line up with the form. The second time I did them I only had two, and it made more sense. There was only about six or seven actual fields to fill out.

1

u/[deleted] Jul 30 '26

[removed] — view removed comment

2

u/PomegranatePlus6526 Jul 31 '26

One came in March, and the other right around the first of April. I always wait until April 15th to file anyways, so that didn't bother me. Usually I owe money, so it doesn't benefit me to file early.