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Vanguard Natural Resources, LLC Message Board

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  • rrb1981 rrb1981 Feb 3, 2013 3:28 PM Flag

    If you exceed $1000 of UBTI in an IRA, you owe tax

    Agreed. As I mentioned in my post, the negative UBTI can be carried forward for each respective MLP, but cannot be used to offset UBTI from other issues.

    I personally manage several accounts that produce a SIGNIFICANT amount of distributions annually and while I track UBTI closely, it has never been an issue worth losing sleep over.

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