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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121110  
Subject: Re: MLP in IRA recapture question Date: 3/7/2013 6:08 AM
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That said, holding the units in a taxable account is not a panacea...you still have to keep track of your adjusted basis and keep an eye on UBTI

You've gotten confused somewhere along the line. UBTI is a concern only for tax-exempt entities, e.g., IRAs. When you hold an MLP in a taxable account and your basis reaches zero because of returns of capital you start paying tax on future distributions. Likewise if there's ordinary income to report.

Phil
Rule Your Retirement Home Fool
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