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

To: Ditchdigger who wrote (69311)	12/13/2021 10:38:14 AM
From: Paul Senior	Read Replies (2) \| Respond to of 78430

Ditchdigger: your mlp in ira. Please keep us (well,me anyway) informed as to what your March '22 k-1 for 2021 shows. I too have held EPD for several years and would like to get an inkling of what the tax recapture of some of the prior deductions to distributions might be if I sold. I too do not understand why a 990-T would be filed if you show a negative UBTI. 1. Are you sure it was actually filed with Fed gov? Not just completed and reported to you, and telling you you have no UBTI which has to be paid? 2. If I recall correctly, negative UBTI can be carried over several years and used to offset positive UBTI in later years. But the negative UBTI has to be kept track of (and reported to the gov't?), and maybe that's how it's done. Broker (the trustee) files with the government, and maybe (hopefully) the broker keeps history to be used later for an offset if UBTI in the stock is positive.