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

To: Elroy who wrote (20119)	6/25/2014 7:48:09 PM
From: TheNoBoB	Read Replies (1) \| Respond to of 34328

Re: UBTI I know if a US person receives a certain amount of UBTI income from MLPs they then have tax issues. Not a U.S. Person, but a U.S. tax-advantaged account. If the MLP's are held in a traditional taxable account, no UBTI issue arises.

To: Elroy who wrote (20119)	6/25/2014 7:50:30 PM
From: mopgcw	Respond to of 34328

the UBTI is only an issue if the MLP is in your IRA. Since your foreign buddy will not have an IRA it will not apply. on your other question, the MLP distribution will vary by MLP as different MLP's are at different stages in the distribution characterization -- it is split between divvy income and return of capital. not sure how the brokerage firm would handle the withholding on an MLP for a non-u.s. person. he would need to ask his firm directly.