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cfboller

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  • Why Not Consider This 12% Yielder As An Alternative To REITs And MLPs? [View article]
    Steve Rasher

    Nice post.

    I agree with everything you say but I wonder if "passive income penalties" should be worded in a way that would state that their are penalties because the income is not passive but instead considered business or active income.

    I could be wrong here and if I am my apologies.

    cfb
    Aug 21 08:30 AM | Likes Like |Link to Comment
  • Why Not Consider This 12% Yielder As An Alternative To REITs And MLPs? [View article]
    davidbdc

    If the security you own appreciates above your initial cost that part is capital gain too, correct?
    Aug 21 08:25 AM | Likes Like |Link to Comment
  • Dividend Impact Of Kinder Morgan Purchase - IF Dividends Matter To YOU [View article]
    Nicholas Davout

    I have already made one mistake hopefully I am not making another.

    I think the UBTI tax is paid by the IRA and the return itself is filed by the trustee.

    Technically the CPA is correct. No tax on individual until the monies are withdrawn.

    If there is an audit it will be the trustee for failure to perform his duties.
    Aug 19 05:52 PM | Likes Like |Link to Comment
  • Dividend Impact Of Kinder Morgan Purchase - IF Dividends Matter To YOU [View article]
    rip2451

    That is awesome. Thank you for correcting me much appreciated.
    Aug 19 09:31 AM | 1 Like Like |Link to Comment
  • Dividend Impact Of Kinder Morgan Purchase - IF Dividends Matter To YOU [View article]
    TEX1961

    "Also there is no required minimum distribution at 70 like a regular IRA".

    Are you sure?

    To avoid penalties ROTH RMD are required, correct?
    Aug 19 08:57 AM | Likes Like |Link to Comment
  • Retirement Strategy: How Dividend Income Grows To Staggering Levels By Reinvesting And Compounding [View article]
    Cojoel

    I think what you are searching for are authors like Left Banker, David White, Brad Thomas, BDC Buzz.


    Good Luck

    cfb
    Aug 17 01:03 PM | Likes Like |Link to Comment
  • Kinder Morgan Inc. Will Be A C-Corp Managed Like An MLP [View article]
    No Free Cake

    I think the depreciable life for pipelines for E&P purposes is 22 years.

    The method is straight line.

    I think it is correct to say that the source of dividends are from either positive accumulated earnings and profits or from current positive earnings and profits.

    Interestingly you can have an accumulated negative E&P and still have a dividend if you have current positive E&P. Also you can have E&P even if you have a negative current E&P but a positive accumulated E&P as of the beginning of the year.

    If there is no E&P than the distribution is a return of capital.


    If there are no earnings and profits (as defined above) then the distribution is a return of capital
    Aug 15 03:57 PM | 1 Like Like |Link to Comment
  • Retirement Strategy: The Absurdity Of Believing That Dividends Don't Matter In Retirement [View article]
    Prudent Research

    BX

    Interesting choice.

    Not one I would typically find in a DGI portfolio, at least not yet anyway.

    Have I again missed something?

    Long BX in a taxable account.

    cfb
    Aug 14 09:38 AM | Likes Like |Link to Comment
  • Retirement Strategy: The Absurdity Of Believing That Dividends Don't Matter In Retirement [View article]
    DC

    My God does not pick winners or losers.

    As to JDR, my point was that his dividend came from something he built.

    Seen in that light I better understand the quote you attributed to him.

    Tallyho
    Aug 13 09:58 AM | Likes Like |Link to Comment
  • Retirement Strategy: The Absurdity Of Believing That Dividends Don't Matter In Retirement [View article]
    RS, DC, BW

    I just found Scenic Dr comment somewhat ironic that the father took a position in XOM 25 years before it became eligible for membership in the dividend club.

    As for John D Rockefeller

    I hope everyone realizes that he believed his wealth came from God.

    Also his dividends came from companies he was not only majority owner but also was both architecture and operator.

    Yes the dividend date had special meaning to JDR it confirmed everything he believed in.

    Tallyho
    Aug 13 08:07 AM | Likes Like |Link to Comment
  • Retirement Strategy: The Absurdity Of Believing That Dividends Don't Matter In Retirement [View article]
    Scenic Dr

    Fifty years ago. Was XOM a dividend growth machine back then?
    Aug 12 09:01 AM | 1 Like Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered [View article]
    Barrylbro

    IMO

    I think a revocable trust bypasses probate. It does not bypass your taxable estate.

    Therefore your heirs should get a stepped up basis.
    Aug 11 08:46 AM | Likes Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered [View article]
    David Stein


    IMO

    Things could get interesting. I do not think the limited partners had any say in this matter. So much for "being in business".

    It is a passive investment it is not an active business investment
    Aug 11 07:45 AM | Likes Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered [View article]
    Barrylbro

    My apologies.

    I do not believe a revocable trust is part of your estate or said another way it bypasses your estate.

    Therefore there should be no basis step up instead your heirs will step into your shoes when the trust transfers to them.
    Aug 9 10:43 AM | Likes Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered [View article]
    Barrylbro

    Your heirs get a do over. Basis for them should be FMV as determined by your estate which is usually date of death.

    Hope that helps

    cfb
    Aug 8 09:41 AM | Likes Like |Link to Comment
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