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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Carl Worth who wrote (25700)	1/10/2007 3:42:47 PM
From: Paul Senior	Read Replies (2) \| Respond to of 78669

I will chime in with an uninformed opinion (I am not knowledgeable in these IRA/trust/tax laws.) Afaik there's no limit in this type of income (Canadian trust) that can be received in an IRA that would trigger additional USA federal tax consequences. (I haven't a clue about state income taxes other than my own state, where I believe the same (no limit that triggers additional taxes). I've never come across such limits anyway for federal or my state. Now if you are talking about limited partnerships --- L.P. stocks bought and held in an IRA---, then there IS a limit as to how much 'income' you can receive from them. Go over that limit in a given year ($1000/yr???) and you will have (if you are to be legal) paperwork to file and may have to pay tax (on amount over $1000??) Again, all just my opinion. Subject to dismissal/guffaws/changes/ and modifications by people here who actual do know the applicable laws and procedures.