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Kinder Morgan Energy Partners Message Board

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  • shadeofpale shadeofpale Jan 5, 2011 2:15 PM Flag

    Anyone hold this in a IRA?

    I don't think you do...unless you sell it.

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    • Why would you do anything if you sold it in an IRA?

      • 1 Reply to saiani
      • The only reason an MLP investor holding in an IRA has to file is if the total UBTI in the account that year exceeds $1k. And the UBTI form is filed by the brokerage, and NOT by the individual investor. Other than that, you never file anything, and can just toss the K-1s in the drawer. There is nothing to file when you sell inside the IRA.

        Given that KMP has not declared any UBTI for at least a decade, it isn't likely you will hit the $1k tripwire with KMP.

        All that said, KMR (the i-share near twin sister of KMP) was designed for IRAs and similar accounts (like mutual funds). KMR can never generate UBTI. By paying a dividend directly in the form of new shares, you are automatically reinvesting anyway...which you would likely be doing in an IRA anyway.

        I own KMR in an IRA, but also other MLPs. I keep an eye on my total UBTI...it isn't hard to keep under the $1k level, but KMR makes it that much easier.

 
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