ironist15

Energy MLPs and Royalty Trusts Analysts Love

Check with your accountants, but my understanding is that LPs and MLPs should not be held in IRAs because they generate unrelated business taxable income (UBTI) which can't be tax-deferred or sheltered. Non-qualified dividends are taxed as ordinary income, but most MLPs (unlike REITs) offer qualified dividends as far as I know - you should check their websites for guidance on that.