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MLP's
... I am assuming that holding MPL's in 401K and Roth accounts have no bearing on taxes. Pay taxes on 401K when you take distributions and money in Roth is tax free. Can someone tell me if this is correct. MPL taxes headaches are only for REGULAR brokera ...
November 16, 2014 - by theusurped - Discussion Board Post in Financial Planning / Tax Strategies
MLP's
... I am assuming that holding MPL's in 401K and Roth accounts have no bearing on taxes. Pay taxes on 401K when you take distributions and money in Roth is tax free. Can someone tell me if this is correct. MPL taxes headaches are only for REGULAR ...
November 16, 2014 - by theusurped - Discussion Board Post in Financial Planning / Tax Strategies
MLP's
... Hi Roy, I'm a new fool - 14 months in. I'm investing monthly using my Schwab Simplified Employee Plan. May or may not be the right thing to do. I'm interested in 3 MLP's and am wondering the right approach to purchase into them. Your thoughts would be helpful. Thanks, Bennett ...
October 21, 2014 - by Bennett - Discussion Board Post in Financial Planning / Tax Strategies
CODI for MLP
... Hi, I have yet to sell my shares of BBEP, an MLP, which declared chapter 11 this past Monday. I want to sell my shares today to try and prevent a tax liability which will be incurred for unit holders when BBEP's debt is cancelled in bankruptcy court. Does anyone know if it is too late to sell to avoid ...
May 20, 2016 - by midnightG - Discussion Board Post in Financial Planning / Tax Strategies
Re: MLP's
... I am assuming that holding MPL's in 401K and Roth accounts have no bearing on taxes. Pay taxes on 401K when you take distributions and money in Roth is tax free. Can someone tell me if this is correct. MPL taxes headaches are only for REGULAR Wrong. MLPs also generate "unrelated business income ...
November 16, 2014 - by irasmilo - Discussion Board Post in Financial Planning / Tax Strategies
Re: MLP's
... You are generally correct, unless the MLP(s) that you hold in the account generate more than $1000 UBTI (unrelated business taxable income). Perhaps ptheland can better explain, which I believe he did in the past, just cannot find the post about UBTI and the $1000 limit. I would also recommend Googling "UBTI ...
November 16, 2014 - by marksrjm - Discussion Board Post in Financial Planning / Tax Strategies
Re: CODI for MLP
... Thank you Peter. I will sell the shares, the specter of paying taxes on a debt write-off just feels so much worse than paying tax on current assets. ...
May 20, 2016 - by midnightG - Discussion Board Post in Financial Planning / Tax Strategies
Re: CODI for MLP
... declaration, or that is how MLP's work any time you sell? That's how MLPs work. The bankruptcy is irrelevant to the hot asset issue. I thought normally you only pay tax on cash dividends received when you sell MLP shares. You never pay tax on the cash received from an MLP. (OK, almost never - you can arrange a set ...
May 20, 2016 - by ptheland - Discussion Board Post in Financial Planning / Tax Strategies
Re: CODI for MLP
... So if I sell now, I will be receiving income from "hot" assets because of the bankruptcy declaration, or that is how MLP's work any time you sell? I thought normally you only pay tax on cash dividends received when you sell MLP shares. Thanks for your feedback, Midnight ...
May 20, 2016 - by midnightG - Discussion Board Post in Financial Planning / Tax Strategies
Re: CODI for MLP
... Regardless of when you sell, you will have some ordinary income to report. That's the "catch" with MLPs. If you sell now, your ordinary income will be determined by the value of the "hot" assets attributable to your units. If you wait until the cancellation of debt, the value of the "hot" assets may ...
May 20, 2016 - by irasmilo - Discussion Board Post in Financial Planning / Tax Strategies
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