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

To: Paul Senior who wrote (72538)	3/13/2023 1:00:14 AM
From: Elroy	Read Replies (1) \| Respond to of 78821

seeing the large taxes I must pay on distributable business income in taxable account, and the 990-T's which will pull money later in the year from Roths/IRA to pay UBTI --- this kinda takes the pleasure out of seeing the UAN distributions my accounts. Have a another look. I think your Box 1 Business Income losses from 2021 should be useable to offset Business Income profits from 2022. Or at least pretty close. Similarly negative UBTI in the Roth/IRA from 2021 should offset much of positive UBTI in the Roth/IRA from 2022. At least that's what happened with me, and I've got a lot more cumulative losses left to burn through. It's not a perfect match, but you've got to carry the losses from previous years forward to offset much of 2022 profits. Once you burn through cumulative losses then you'll be paying taxes on Business Income, and the distributions will not be so wonderful. But be sure to use up those historical losses, don't let them get lost in the cloud.