Don't trade shares of Limited Partnerships (LPs or MLPs) in your retirement account unless you want a big tax headache.
I thought I was *avoiding* that headache by only buying such companies that send a K-1 in a tax-sheltered account. Now it's even worse than holding them in taxable.
If you want further information (in which case you're already in a little bit of trouble, like me), google IRS Form 990-T and UBTI.
Grr.
Don't trade LPs in your retirement account
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flyingpylon
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Re: Don't trade LPs in your retirement account
Just happy to know this is not about vinyl LPs... 
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dualstow
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Re: Don't trade LPs in your retirement account
Do trade vinyl LPs.
I haven't played my Led Zeppelin bootleg, 'Melancholy Danish Pageboys Get It On' in ages, but I'm just happy that the movers didn't steal it and it's safe in my den.
