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Discussions for Crosstex Energy GP, L.P. View all discussions

  XTEX vs XTXI confusion
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Przemyslaw Lasota  
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 More options Oct 20 2009, 6:29 pm
From: Przemyslaw Lasota <pem.las...@gmail.com>
Date: Tue, 20 Oct 2009 15:29:53 -0700 (PDT)
Local: Tues, Oct 20 2009 6:29 pm
Subject: XTEX vs XTXI confusion
First of all, feel free to correct me on anything because I am just
starting out with investing - don't hold yourself back on saying "NO
YOU ARE COMPLETELY WRONG" =] (Well... as long as you follow that with
a nice explanation)

I read up on the differences between these two, but I am more confused
than when I started. I am pretty much set one one of these, but I need
a few answers to help me decide. I am interested in a long term (3+
years) investment without much trading during that period (I don't
have the time to buy/sell constantly with small fluctuations, I'm juts
counting on a steady up-trend). This is what I heard

1. XTEX is better because their dividends (when they start up) will be
better
2. XTXI is better because there is less paperwork when it comes to
taxes

To help me decide which advantage is better, I would like someone to
answer this: How much more paperwork will I have to do with XTEX if I
plan to hold pretty much the entire time without any trading for 3
years? Does it matter I won't be doing much trading and I'll still
have  a lot of paperwork, or does my situation make that
"disadvantage" insignificant? Also, are the XTEX dividends really
going to be much higher?

Thanks in advance.


 
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thorthor  
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 More options Oct 23 2009, 8:01 am
From: thorthor <dane.es...@trnty.edu>
Date: Fri, 23 Oct 2009 05:01:33 -0700 (PDT)
Local: Fri, Oct 23 2009 8:01 am
Subject: Re: XTEX vs XTXI confusion
I"m not sure on all the specifics, but check out the Crosstex website
(investor section) or shoot them an email.

On Oct 20, 5:29 pm, Przemyslaw Lasota <pem.las...@gmail.com> wrote:


 
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joe  
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 More options Oct 23 2009, 9:59 pm
From: joe <roy.dud...@tx.rr.com>
Date: Fri, 23 Oct 2009 18:59:54 -0700 (PDT)
Local: Fri, Oct 23 2009 9:59 pm
Subject: Re: XTEX vs XTXI confusion
you will have the same tax paperwork with xtxi as with xtex they both
pay dividends, its 50 50 they do different things and make different
profit, so go with the one that will make the most profit.

On Oct 23, 7:01 am, thorthor <dane.es...@trnty.edu> wrote:


 
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vipera81  
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 More options Nov 6 2009, 12:09 pm
From: vipera81 <viper...@aol.com>
Date: Fri, 6 Nov 2009 09:09:42 -0800 (PST)
Local: Fri, Nov 6 2009 12:09 pm
Subject: Re: XTEX vs XTXI confusion
Does anyone know why both stocks (XTXI and XTEX) are down today even
though XTEX just announced that the beat their expectations for Q3 by
a huge margin and XTXI's financials come out later today, which are
also expected to be positive?  I can't make any sense out of this...

On Oct 23, 8:59 pm, joe <roy.dud...@tx.rr.com> wrote:


 
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Whisper  
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 More options Dec 9 2009, 8:42 am
From: Whisper <merryclic...@gmail.com>
Date: Wed, 9 Dec 2009 05:42:16 -0800 (PST)
Local: Wed, Dec 9 2009 8:42 am
Subject: Re: XTEX vs XTXI confusion
Better late than never, I think, but you may have already decided.
XTXI is a corporation and therefore subject to corporate taxes - this
means you would get a 1099 most likely in or around January and tax
handling would be just like with a CD.  XTEX is a partnership and
taxes are handled differently.  They pass through to you, at a lower
tax rate, so you end up keeping more of the distribution (dividends
are with the corporate company, distributions are with the
partnership).  XTEX should send you a K1 form, or make it available
for download.  There is a REALLY clear way to understand on the NAPTP
website.  The main website has lots of info -
http://www.naptp.org/Navigation/PTP101/PTP101_Main.htm -  and the
clear presentation is here - http://www.naptp.org/documentlinks/MLP_101_Nov_09.pdf
- it starts with charts but because it's like a powerpoint
presentation it goes fast.  Tax info gets much clearer about halfway
through the presentation.

On TurboTax, the partnerships require a bit of time, but because you
end up with more of the money it makes up for the time involved.  This
year there should be more answers available on the subject of
partnerships on the TurboTax website.  If you can't find what you
need, search on K1 help.

You could pay someone to do the taxes but that gets expensive.  Good
Luck.

On Oct 20, 5:29 pm, Przemyslaw Lasota <pem.las...@gmail.com> wrote:


 
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