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Linn Co, LLC Message Board

capt_bill_2000 3 posts  |  Last Activity: Dec 16, 2013 3:32 PM Member since: Nov 28, 1999
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  • Reply to

    Dividends ????

    by tcm3112 Dec 11, 2013 11:28 AM
    capt_bill_2000 capt_bill_2000 Dec 16, 2013 3:32 PM Flag

    CORRECTION of last paragraph... should read:

    LNCO preferred in ROTH now because of tax free nature of the ROTH & the high dividend of the distribution which will be 100% taxable in the IRA on DISTRIBUTION... capt_bill - Ò¿Ó¬

  • Reply to

    Dividends ????

    by tcm3112 Dec 11, 2013 11:28 AM
    capt_bill_2000 capt_bill_2000 Dec 16, 2013 3:25 PM Flag

    Hold LNCO in a ROTH and all distributions are tax free for life. Hold LNCO in an IRA and it will only be taxed as regular income as it is distributed from the IRA as cash to you - Hold LINE in an IRA or ROTH - you will be subject to UBTI taxation even while it is in the tax deferred confines of the IRA/ROTH. UBTI comes in 2 forms, K-1 line 20V UBTI reported annually by the MLP to you the owner. that adds up over all MLP's held in the IRA/ROTH and is reported & paid annually - it does not add up over the years. AT THE TIME OF SALE - you must figure the UBTI generated in EACH MLP SOLD that year - in all cases you have a $1,000.00 exemption to cover all UBTI for that year... LNCO is NOT subject to UBTI as they pay the taxes before distribution to you.

    Which is worth more depends on whether you hold it in a TAXABLE account or an IRA/ROTH. Taxable account you have considerable tax advantage for LINE which does not apply when held in IRA/ROTH - LNCO is great for either IRA or ROTH - No K1 and regular income - especially great for ROTH because the great dividends are TX FREE in the ROTH...

    LNCO preferred in IRA now because of tax free nature of the ROTH & the high dividend of the distribution which will be 100% taxable in the IRA on distribution.
    capt_bill - Õ¿Õ¬

    Sentiment: Hold

  • capt_bill_2000 by capt_bill_2000 Dec 13, 2013 4:26 PM Flag

    payable on 12/18 here is link to LINE/LNCO home page / investor relations -
    capt.bill - Õ¿Õ¬
    ps: those looking for ballots - I use FOLIOfn - I voted 2 weeks ago - I thought the deadline was 12/12 but that may have been with FOLIO not with LINE/LNCO...

LNCO
27.89+0.44(+1.60%)Apr 17 4:00 PMEDT

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