Don't trade LPs in your retirement account
Posted: Sun May 05, 2019 9:21 am
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.
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.
