Sun, Jan 25, 2015, 7:40 PM EST - U.S. Markets closed

Recent

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

Energy Transfer Partners, L.P. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • rjraecek rjraecek Mar 5, 2012 4:01 PM Flag

    arbt" : Question IRA and UBTI

    If its your IRA its non-taxable until you sell it.
    save the paper work (K1's)

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I dont think you're right.
      Thair is a koncept in the taxcode called “unrelated business income tax” (UBIT). (Per)UBIT rules, tax exempt entities an d retirement accts must pay tax on (such income).

      It is t he IRA what owes the tax - not the owner of the IRA. Income is reported by IRA custodian.
      (The stupid grammar and misspelling are intentional to get past yahoo censorship which didn't allow copy & paste of article.)

      source is natp?orgslant ptp101

    • Not correct. Do a search on UBTI. IRAs can be resoponsible for paying it within the IRA. It is not common, but possible. A few MLPs generate a lot of UBTI and most little to none on a historical basis.

      Again your IRA is not an "individual" it is a trust. Trusts pay UBTI if any is due from the trust.

      ARB

 
ETP
65.34+0.30(+0.46%)Jan 23 4:05 PMEST

Trending Tickers

i
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.