UAN - The variable distribution MLP that could go a long way Message Board

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Non-Tech : UAN - The variable distribution MLP that could go a long way

UAN 109.29

+0.7%

12:43 PM EST

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To: Elroy who wrote (768)	3/10/2023 8:14:05 PM
From: Area51	Read Replies (1) of 816

<< Can use historical negative Business Income from previous years in CVR to reduce the 2022 positive Business Income?>> I entered my UAN K-1 data into turbotax and it did reduce the box 1 income by last years loss (flowing through Schedule 1 Box 10 to 1040 line 8). That certainly helped. But looks like I won't have any carryover loss next year. On the other thread I think you said you had box 1 and UBTI greater than distributions (box 19A)? That scared me, but thank God it wasn't my experience. I had box 1 (ordinary business income) and UBTI (box 20V) both reported as about 55% of my distributions received (UBTI was the same number as the box 1 number). So your box 1 must include capital gains UBTI stuff? (at least that was the only think I could think of that would account for such a large difference),

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