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

To: RumbleFish who wrote (10401)11/15/2011 12:24:02 AM
From: JimisJim  Respond to of 34328
 
My acct. has never filed a single K-1 that I gave him.../eom



To: RumbleFish who wrote (10401)11/15/2011 8:56:29 AM
From: LTBH  Respond to of 34328
 
Apparently our broker performed their obligation correctly. You must forward copies of all K-1s yearly to your IRA trustee (your IRA broker) and the broker must file form 990T even if you owe no tax and only have negative UBTI.

This filing (with negative UBTI) will preserve the carry forward for possible future offset and is a specific offset for each MLP. Negative for MLP X cannot be used to offset MLP Y. Any fees or taxes must be paid from within the IRA.

Luck
LTBH


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