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Strategies & Market Trends : Value Investing

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To: Elroy who wrote (72537)	3/13/2023 12:04:38 AM
From: Paul Senior	Read Replies (1) of 78821

re: UAN/UBTI. Looks like you are right; I am wrong. I see that it is the negative "ordinary income or loss" amount of 2021 that is offsetting the very positive 2022 number of box 1 in my taxable account. I incorrectly posted this as a UBTI offsetting. I see I've received my large distributions today (Sunday morning). The satisfaction with that is muted, given the complexity and confusion I now face in correctly entering information in appropriate sections in TurboTax. ...And seeing the large taxes I must pay on distributable business income in taxable account, and the 990-T's which will pull money later in the year from Roths/IRA to pay UBTI --- this kinda takes the pleasure out of seeing the UAN distributions my accounts.

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