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Answers to Recent Questions: Taxes, K-1s, MLPs, and Why These 7 Pipeline Companies

UBTI is often a negative figure. One reason is that depreciation offsets UBTI. However, the longer you hold the MLP the more you "use up" your eligibility for depreciation, and I was shocked to see UBTI of $750 for just 600 shares of OKS in an IRA. This was because it was bought 13-years ago. I had been accustomed to negative UBTI or very small positive figures. The lesson to me was that you may need to swap out your MLPs in IRAs every ten years or so, or get out of individual issues for a while when UBTI starts building up in them. You can get back in to start again with full eligibility for depreciation benefits. The risk of MLPs in an IRA is that you might be libel to having to pay 35% taxes on UBTI in excess of $1,000, and the broker may charge a hefty fee for filing the report and deducting the tax. But exceeding the limit very rarely happens. Another point is that negative UBTI from one MLP offsets positive UBTI from another MLP in the same IRA.

Citigroup: Bargain Basement Price for Long Term Investors

Citigroup is offering me 7.3 shares of common for each of my preferred shares, and I'm not taking it. Have you noticed how many billions of common shares there will be after all the conversions?

The Nine Best Natural Gas, Oil Pipelines for Income and Capital Gains

UBTI is often a negative figure. One reason is that depreciation offsets UBTI. However, the longer you hold the MLP the more you "use up" your eligibility for depreciation, and I was shocked to see UBTI of $750 for just 600 shares of OKS in an IRA. This was because it was bought 13-years ago. I had been accustomed to negative UBTI or very small positive figures. The lesson to me was that you may need to swap out your MLPs in IRAs every ten years or so, or get out of individual issues for a while when UBTI starts building up in them. You can get back in to start again with full eligibility for depreciation benefits. The risk of MLPs in an IRA is that you might be libel to having to pay 35% taxes on UBTI in excess of $1,000, and the broker may charge a hefty fee for filing the report and deducting the tax. But exceeding the limit very rarely happens. Another point is that negative UBTI from one MLP offsets positive UBTI from another MLP in the same IRA.

Implementing Pickens' Plan for Public Energy Policy

"The US could try and build new rigs"
For what possible reason would the word "and" appear in that sentence? The infinitive form of the verb "build" is "to build", not "and build"......same as any other verb.

Syntax-Brillian Disappoints Again

Mr. Sanmina may be handicapped by having to write his articles for Seeking Alpha in English, instead of his native language. Maybe he could get someone to proof-read future articles before submitting them.

Syntax-Brillian: Destroying Shareholder Confidence and Value

You would think that the author would proof-read an article like this before publishing it, but Edwin Climaco obviously did not. The many typos and other mistakes were a distraction. It was just a rehash of past events that shareholders remember all too well, with a couple of factual mistakes thrown in by Climaco. Better grammar would make him more credible.