The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/thank-you-both-for-your-input-i-have-checked-the-25325017.aspx

Subject:  Re: EPD in 401K Date:  3/24/2007  6:46 PM
Author:  cheeserhumba Number:  93255 of 123001

Thank you both for your input. I have checked the K-1 form and there is a Box 20 with three letter designations (A, V, & W). Through my TurboTax, I have determined that the "V" in this box is the "Unrelated Business Income" line that you speak of. Fortunately, that is presently a negative number, so I gather it is safe for me to leave all this off my 2006 return.

Phil,

I am sorry, but I do not know if your question is directed to me, or to Irasmilo (the first person to reply), and I do not understand your reference to "OP".

If it is any help, the 401K in my company has a Trustee, and the K-1 I received was sent to the Trustee FBO (For the Benefit Of) me, at my mailing address, where I get all my statements.

I wonder if I need to communicate with EPD to advise of this situation, or if it is better to just let sleeping dogs lie.

I do remember reading how this investment was different than owning a typical equity, but I sure don't remember reading anything about my little issue. I gather it is not an everyday occurance for this kind of stock to be residing within a 401-K?

I guess most 401