What would you guys who really know this type of investment ( I obviously didn't) estimate my chances are of having 1000 UBTI in a given year holding 354 Units? Thanks in advance.
no one can say never and get away with it but nil for a number of year out
I've 6 MLPs totaling 2,200 shares and a negative $1,467 UBTI. ONly one was positive!
I thought I already answered that. 354 units of ETP and no other MLP holdings? Very unlikely to have any liability - more likely to be negative.
caveat to my post above is that I don't own ETP and so not actually seen an ETP K-1.
My suggestion of negative UBTI is that most pipelines/midstreams tend to produce negative UBTI, however there are exceptions to that rule.