This is controversial, but strict interpretation of IRS rules is that if your net earnings after deductible expenses for all the MLPs in the account exceeds $1K, you are supposed to get a tax id number for the account and file a tax return for the UBTI (unrelated business taxable income).Do you know if this is applicable to a MLP ETF, such as AMLP, when held in an IRA account?I was thinking about adding to my presently small position in AMLP over time.;-)
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