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


To: DaYooper who wrote (31018)4/4/2019 1:21:44 PM
From: E_K_S1 Recommendation

Recommended By
JimisJim

  Respond to of 34328
 
It's going to be big as the recapture is taxede as ordinary income. I believe taxpackagesupport.com for APU once you log in, has a calculator (you need to register). What they provide is you new cost basis based on the amout of deprecition recapture.

The amount of recapture is taxed as if ordinary income. The calculator s/d show you long term capital gains and the recapture amount. If you owned this a long time (over 7 years) the recapture will be pretty large.

Good Luck and one of the downsides to owning MLP's that do a forced merger and/or conversion back to C corp.

EKS



To: DaYooper who wrote (31018)4/4/2019 2:40:31 PM
From: JimisJim  Respond to of 34328
 
I don't know the answer, but ask that question here: investorvillage.com ... the folks on that board have hashed out MLP tax implications for every imaginable scenario... they actually have some guys who know what they're talking about... experts on all things MLP...



To: DaYooper who wrote (31018)4/4/2019 4:22:07 PM
From: maverick61  Read Replies (2) | Respond to of 34328
 
If you're holding APU in a tax sheltered account no worries for you.
Not true. It is complicated in tax sheltered accounts, but along with the $1,000 of UBTI rule, you (or your broker) also have to calculate the recapture amount to see if you are over the threshhold or not