Thread: Economics Investments & Personal Finance
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Old 01-28-2013, 07:19 PM   #66
KC native KC native is offline
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Join Date: Feb 2009
Location: Fort Worth, TX
Casino cash: $49339
Quote:
Originally Posted by Amnorix View Post
I remember working on prospectuses to sell limited partnerships in oil well drilling investments. Apparently it had a great tax advantage or something...? That was 15 or so years ago and tax laws may have changed.
Yes, the success rate is terrible on new holes. The LP allows all the expenses to pass through to the investors. They do this with real estate a lot as well.
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