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Strategies & Market Trends : Dividend investing for retirement

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To: LTBH who wrote (10392)11/14/2011 9:04:19 PM
From: Bread Upon The Water  Read Replies (2) of 34328
 
I'll see what I can do about a citation, but am not promising anything. I did read this somewhere and it stayed in mind since I have two separate IRA's and income/distributions from the MLP's that exceed $1000 per annum, but not $1500. Don't think the UBTI comes into effect UNTIL those limits are exceeded at which time the K-1 form would have to be filed with the tax return (I would think).

So far have not filed a k-1 with tax returns (even tho the MLP's are reporting the income to the IRS) and haven't been bothered by the IRS about it and I think it is because I'm below the $1500 threshold for reporting (for multiple IRA's).

Appreciate your input.

BUTW
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