Sat, Jan 31, 2015, 11:47 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Linn Energy, LLC (LINE) Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • harehau harehau Mar 5, 2008 12:00 PM Flag


    Question, if you trade LINE in an IRA before you receive a distribution, is there any UBTI effect? That is, would the gain be UBTI?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I'm not a tax professional, so it would be impossible for me to give you forward guidance on what portion of LINE distributions are UBTI. Wish I could but I gotta be honest about it.

      As an Average Joe, I observe that non-cash hedging losses tend to cancel out any cash earnings on the income statement. So I don't see how you can have unrelated income when you don't have ANY GAAP income. Of course, taxable income is a different story.

      LINE will probably tell you they expect next to no UBTI. One year I fully funded my Roth in January only to find out in March that my adjusted income disqualified me from making any contribution. It was hard for me to know before all the numbers were in...once I did know I sure wished I had waited until May to contribute to my Roth. Same thing with LINE. It's hard to know for sure until all the facts are in & once you find out you may very well wish you had made another decision.

10.26+0.13(+1.28%)Jan 30 4:00 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.