Before You Invest!

Before you make an investment, check this list!

These are specific investments which have tax issues that may make your club accounting difficult or even impossible to do using bivio. If your club purchases any of these, you may find that you will have to hire an outside tax professional to prepare your yearly investment club tax returns.

This does not mean these are bad investments, it just means that you need to decide ahead of time whether any gains you receive will be worth the expense of complying with any tax issues they bring along with them.

This list is not all inclusive. It is continually updated. If you have any questions about something that is not here, ask us first at support@bivio.com We're much happier to check things out for you ahead of time than to have to inform you at tax time that you have a problem.

Red flags-If an investment you are looking at has any of the following in its name you should check with us first. REIT, Realty, MLP, LP, LLC, Partners, Trust

The fact that something has a ticker and trades on a stock exchange does not mean you are OK.

If you know of an investment that should be on this list, let us know.

Partnerships

(Tax reporting not included in bivio services)

ACMP-Access Midstream Partners-LP
ARLP-Alliance Resources Partners-LP
BPL-Buckeye Partners LP
BX-Blackstone Group LP --- Note: Blackstone converted from a partnership to a corporation on July 1, 2019
CXQ Cheniere Energy Partners LP
EEP-Enbridge Energy Partners
EPD-Enterprise Products Partners
ETE-Energy Transfer Equity LP
ETP-Energy Transfer Partners LP
FGP-Ferrellgas Partners LP
FMO-Fiduciary-Claymore MLP Opportunity
IEP-Icahn Enterprises LP
KMP-Kinder Morgan Energy Partners
MMP-Magellan Midstream Partners LP
MTP-MLP Strategic Equity Fund
SPH-Suburban Propane Partners LP
TCLP-TC Pipelines LP
TNCLP-Terra Nitrogen Company LP
TYN-Tortoise North American Energy Corp.
TYY-Tortoise Energy Capital Corp.
UGA-United Gasoline Fund LP
UNG-United States Natural Gas Fund, LP
USG-United States Oil Fund, LP
More Partnerships

REITs

(Manual tax time adjustments required, possible delays in filing. learn more )

AMT-American Tower
DRE-Duke Realty Corporation
ESS-Essex Property Trust
FRT-Federal Realty Investment Trust
IYR-iShares Dow Jones US Real Estate (ETF)
KIM-Kimco Realty Corporation
NLY Annaly Capital Management
NNN-National Retail Properties Inc.
O-Realty Income Corp.
OFC-Corporate Properties Trust., Inc.
PSR-PowerShares Active US REIT's
RWR-SPDR DJ Wilshire REIT
UHT-Universal Health Realty Trust
VNQ-Vanguard REIT ETF
WRI-Weingarten Realty Investors
WRIT-Washington Real Estate Investment Trust
More REITs

Commodity ETFs

(Extremely complex manual tax time adjustments required, possible delays in filing. learn more )

DBC-Powershares Commodity Index Tracking Fund
GLD-SPDR Gold Trust
SLV-iShares Silver Trust
UDN-Powershares DB US Dollar Index Bearish Fund
More Commodity ETFs