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

To: E_K_S who wrote (72526)	3/11/2023 7:44:05 PM
From: Elroy	Read Replies (2) \| Respond to of 78817

I believe in a tax deferred account you simply send a copy of your K1 to the broker administrator and they will determine if you exceed UBI by $1K/account. If so, you may have to make up the difference and not sure if it must be tax deferred cash (from same account) but I would think so. Correct. However my reading on UBTI in a Roth indicates that previous year's UBTI losses can offset this year's UBTI gains. I've asked my broker if this is correct. I have UAN UBTI losses in my Roth from 2021, it would be great if I can use them against 2022 UBTI gains from UAN in the same Roth. -- Other reading about UBTI in a Roth indicates that UBTI gets pooled, so if you have a positive UBTI MLP in a Roth, it's a good idea to own in that Roth a negative UBTI MLP. If one gives you positive $10k UBTI, and the other gives you negative $10k UBTI, your net UBTI (in the Roth) is zero, and you'll owe zero. Not a tax expert, but that's what I read somewhere!