Always check with a tax professional, but if you hold this in a qualified IRA and if your IRA earns more than $1,000 in unrelated business income as reported on the K-1s you received, the IRA must pay unrelated business income tax -- UBIT -- on the amount above the $1,000 cutoff. Not all of the distributions you receive from MLP investments will be UBI, and many partnership investments will report little or no UBI on the K-1s they send out. If the K-1s you received total to less than $1,000 in UBI, there is nothing you need to do. With more than $1,000 in UBI you need to contact your IRA custodian.
Your IRA and not you is responsible for paying any UBIT. The custodian of your IRA will complete and file a tax return in the name of your IRA account. The custodian will charge a fee for this service and any taxes due will come out of the IRA value. If you see that your UBI on the partnership investments in your IRA is greater than the $1,000 exemption, contact the custodian to find out exactly how the UBIT will be handled.
WHIPPANY, N.J., Jan. 22, 2015 /PRNewswire/ -- Suburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced that its Board of Supervisors declared a quarterly distribution of $0.8750 per Common Unit for the three months ended December 27, 2014. This quarterly distribution rate equates to an annualized rate of $3.50 per Common Unit. The distribution is payable on February 10, 2015 to Common Unitholders of record as of February 3, 2015.
You understand that you probably will not get both.... do you?
It's called EX-Day because EX means "without" or "taken out of".......so either you get your dividend before EX day if you sell on the 29th........creating a capital gain hopefully.........or you get it selling on the 30th - on EX day......creating for sure a dividend income.
Very seldom does a stock go up on EX day.........but it happens..........One that does that quite a bit is ESV.........in my experience at least.
Hey.... why do you need to come in and confuse already not too smart people who try to do something right for themselves............ Really........What joy do you derive from this? You obviously know the record date is not Feb 4, so why say it is?
As always, there always seems to be at least one smart #$%$, with no constructive comments to offer and who shows his own stupidity by trying to show others as stupid. I suggest that you read the news release of 1/22/15 and you will see that only the record date, but not the ex div date was offered. But then you would have to be aware of the difference between the two to know the significance of such
This is a link to a reported purchase of 3100 shares by the COO coded open market or private sale at $43.13 per share. Additionally there we 12,000 shares coded the sale in December and more in prior months. Are you really short...if so watch out!!!
I bought this in 10 of 10 after cashing in some C.D.`S, the worst pick out of several at the time, should have sold, but did not, definitely learned a lesson on this one. If it would ever get back to $50.00 I`d sell & take my loss. Since you love reit`s, why not trust Western Asset over this? I`m holding several, but not Western. Glad to know someone has made money of this, no harm intended.
I don`t know how long you have owned this, but I`d guess not very long. The insiders on this Co.`s board never buy, they get their option deals & sale. Be careful here!
When you talk about this company and its propane/fuel oil pricing. They buy at the market pricing you readf about and they sell at a retail price that has quite a big gfouge factor in it, as do others in the same business. Lower market prices are great since they buy at a huge discount today and deliver the product at a slight discount tomorrow. This should be a monster quarter which may explain today's close action..
Sentiment: Strong Buy
According to the eia, propane prices are at $0.45/gal at Mount Belvieu. Last time propane was at this price was 4Q 2002. Even during the collapse in 2008, prices did not get this low. Propane prices have plummeted over 55% in the last 3 months. Propane does not have the same fierce competition that oil and gas does so the propane companies might be able to squeeze fatter margins with a decreasing price environment. The MLP needs to grow cash to maintain distributions and I think that this will difficult to do in the next 2-5 years. Also they have a good story to tell today but it might not be as peachy in the next couple of years. I see the propane stocks mirroring what is going on with the oil stocks but with a few months lag.