that may work and hopefully they will give you credit. i am just too lazy to look back at my old k-1s, but i am surprised if nti has positive ubti. granted everyones situtation is different and i have heard a few horror stories. personally by haveing more than one ira account i have never had a ubti problem and have done mlps for years.
confused by the discussion here because the ira custodian NOT the investor does the paperwork IF the ubti exceeds $1000 per ira account. also if in previous years you have negative ubti (for that particular stock) you can net that out. you may have to pay the custodian for the paperwork and the tax rate is about 40%.
thanks to you both,in this market it is hard to get much over 1.1 if you want to risk getting the higher distribution rates. since this is such a vital number i wish that they would always report this instead of earnings for a mlp it makes so much more sense.