User 152236

Master Limited Partnerships Are Poised For Growth

In a regular account you will receive a Form K-1. If you hold an individual MLP in a tax deferred account (Roth, IRA, ettc.), you have to file a separate form to report Unrelated Business Income and will pay a tax if it totals more than $1,000. Far better to hold a closed-end(CEF) specialty fund in those accounts (TYG,FMO,MTP,etc.) Check MLP Factoids web site for data on CEF's and Nuveen's ETF site for other CEF data.