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  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered [View article]
    “If you sell an MLP held in an IRA account you will be responsible for the tax owed only on the portion that is identified as RECAPTURE”.

    Can you point exactly written docs that support this? Asked many times, and never got an answer!
    Aug 8 08:24 AM | Likes Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered [View article]
    David, ephud,
    You guys are lost in the woods! See earlier comments on KMR, EEQ!
    No yearly 1099, or K-1, NO UBTI
    Each give shares for divs, about 7+%/yr. Good Deal! Price generally follows associated MLP.
    No taxes in IRA, pay ltcg on share sale in taxable acct.
    KMI, and LNCO gives 1099's tax on yearly divs in taxable acct, not in IRA unless withdrawn.
    Aug 7 10:01 PM | Likes Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered [View article]
    Guess you can't back up you advice!
    Aug 7 03:36 PM | Likes Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered [View article]
    KMR, and EEQ are excellent, and are 1099's. 7% + divs.
    Further, no yearly tax on Divs, only LTCG when sold!
    Hold in IRA, or taxable acct---I'm big/long!
    Aug 7 11:32 AM | 3 Likes Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered [View article]
    " 1) sale of the MLP within the tax deferred account or 2) distribution from the tax deferred account to a taxable account. Both are considered sales for tax purposes and will generate ordinary income from the depreciation recapture"

    Can you site chapter and verse backing your statements?

    Surely, on transfer from IRA to taxable acct, ordinary income is paid on total, thus covering any/all taxes.

    What about divs that remain in IRA when MLP transfer is made?

    I posted earlier, stating, after many years of asking by many, no one has posted saying that they paid taxes on SALE in IRA!

    Any one out there paid taxes on sale of MLP in IRA????
    Aug 7 10:43 AM | Likes Like |Link to Comment
  • MLPs - Yes, They're Okay In Your IRA And Other Tax Questions Answered [View article]
    "Also, if you own the MLP long enough in your taxable account and your basis is 0, then the distributions will be taxed as ordinary income each year."

    I don't think this is correct. I have read many times, that when a basis goes to zero, that one pays Long Term Cap Gains on subsequent distributions.

    Also, having been a long term investor of MLPS, and listened to RK's gospel on sale in a IRA. The question about Tax handling, on sale in an IRA has been asked to investors on numerous blogs, and No One has ever admitted that they have paid any taxes on an IRA sale. My acct says not, along w/ Chas Schwab.

    One more time! Anyone paid taxes on MLP sale in an IRA?

    Being concerned about this issue, I have transferred MLPS from IRA to Taxable acct w/o incident--paid ordinary income--but still made some $.
    I'm really not concerned any more, and will hold MLPS in my IRA--best divs available. Tax accounting in a taxable acct is somewhat of a nuisance, but doable!
    Aug 7 09:20 AM | 1 Like Like |Link to Comment
  • Why Thursday's Sell-Off Matters [View article]
    Scary, if the Republicans win the Senate, they will be forced to GOVERN, and stop complaining--let it happen!
    Aug 2 11:43 AM | 5 Likes Like |Link to Comment
  • BP Prudhoe Bay Royalty Trust: Where Is The Stock Headed? [View article]
    Any Idea when Pipeline will be in operation?
    Thanks
    Jul 29 08:02 AM | Likes Like |Link to Comment
  • Danger Zone: Dunkin' Brands Group [View article]
    Too much Ice Cream in Dunkin!
    Jul 25 09:25 AM | Likes Like |Link to Comment
  • Dividends Don't Matter In Retirement Either [View article]
    The Author offers HARSH GENERALITYS on this matter not considering a range of retired people. IE, at 81, I've lived through many years of volatility, and survived to date. Dividends in well managed companies are my safety net, and by experience, with such company's, in down turns, the div's are there!
    Jul 17 10:23 AM | 6 Likes Like |Link to Comment
  • BP Prudhoe Bay Royalty Trust: Where Is The Stock Headed? [View article]
    Held BPT for 10 yrs--I'm Happy! Always interested in your perspective.
    Thanks
    Jul 7 10:01 AM | Likes Like |Link to Comment
  • Is It A Healthy Move To Hold On To UnitedHealth Group? [View article]
    So why do you think this might be a good investment?
    May 26 07:56 PM | Likes Like |Link to Comment
  • Is It A Healthy Move To Hold On To UnitedHealth Group? [View article]
    "Reality" In 2014 UNH has eliminated twice a year dental cleaning--making me pay $800++/year for y family.
    They also eliminated many specialists from their net work, raising prices for visits 40%, along w/ associated proceedures, MRI, surgery etc.
    That's how they pay their DIVS!
    They are eliminating PRODUCTS, and raising prices drastically.
    May 26 08:06 AM | Likes Like |Link to Comment
  • Is It A Healthy Move To Hold On To UnitedHealth Group? [View article]
    UNH may have problems with membership, as they are raising prices, and eliminating benefits, a lot, each year to hold profitability.
    An enterprise that has no new products, and depends of the Government for revenues---not a great plan! I have UNH, and think it could make sense to go back to Medicare soon.
    May 25 09:50 PM | Likes Like |Link to Comment
  • Time To Sell Enterprise Products [View article]
    The only thing about holding in an IRA is UBTI, and there are a lot of MLPS don't have any. ie like OKS!
    May 25 09:41 PM | 2 Likes Like |Link to Comment
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680 Comments
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