Message Font: Serif | Sans-Serif
No. of Recommendations: 1
My suggestion:

Although the common wisdom is to avoid MLPs in IRA accounts, provided dividends (distributions) from any one individual MLP doesn't exceed $1,000 in any given calendar (tax) year, then there's no need, or obligation to file, or pay taxes.

This, of course, would be irrelevant to those who think a few thousand dollars worth of tax-free distributions are a pittance and not worth bothering with.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.