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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Bread Upon The Water who wrote (10391)	11/14/2011 4:03:18 PM
From: LTBH	2 Recommendations Read Replies (4) \| Respond to of 34328

I would be very interested in a reg citation on those two points ... have never seen anything that exceeded a $1000 DEDUCTION which is quite different than an exemption and does require a filing even if there's no ultimate tax to be paid. It should also be noted that the number that determines taxability is NOT distributions but positive UBTI taken from the K-1 and this again is usually very different than the distributions paid. There are even a number of situations whereby there can be a large positive UBTI where NO distribution has been paid ... ergo you owe tax but never received any cash! The other issue as to whether the deduction is per IRA, only IRS verbiage I have read would lead me to believe all IRA holdings among different IRAs would be considered in whole and not in part. I have read many many posts discussing this and have only ever read one post from a credible poster who said they would have to "check" but they never followed up with an affirmative. Still say hold the REITs and bonds in IRAs and MLPs and qualified divie payers in taxables ... why make life difficult. Luck LTBH