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  • Investing in High Yield U.S. Income Partnerships [View article]
    MLP's in a tax-sheltered account have additional drawbacks besides the UBTI (which also can come from Commodity ETF's and Currency ETF's, because the companies that create the shares, pass through the holder's info to the indexing service): The "return of capital" and "capital loss" amounts which affect the taxable basis in a regular account (reported on the K-1) have no effect on the taxation rate when distributions are taken from any IRA.

    The losses cannot be claimed, and the "return of capital", which would increase the basis of shares, and would decrease the tax liability upon their sale, have no effect on the dividends received by the shares in the IRA.

    Mar 11 13:24 pm |Rating: 0 0
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