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The GEO Group, Inc. Message Board

jimrat11 3 posts  |  Last Activity: Apr 9, 2015 6:20 PM Member since: Mar 22, 1999
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    Dividends

    by value14399 Jan 27, 2015 5:36 PM
    jimrat11 jimrat11 Feb 9, 2015 2:15 PM Flag

    There's a wealth of information included with all of the MLP K-1s, I receive. I've been under the impression that you could calculate your basis with the info they give.

    Am I mistaken here? I've been in MLP's for about 20 years, but have never sold one so far. I'm in the "Death do us part" camp, but things can change.

  • I'm a long-time owner of ETP and nine other MLP's. Some of these are in my IRA.

    I do not buy a large position in any of these in my IRA because of the UBTI issue. I figure if I don't have a large position in any of them, then the chances of going over $1000 UBTI in any single one is minimal.

    Here's the question: If you have an MLP that has consistently shown a loss on this line, is there a carry-back provision to reduce the effects of a weird (positive) year?

    The accounting on MLP's is almost impossible to grasp. I do understand the reason for the UBTI provision, but I can't transfer the reasoning of the tax law to something I can understand from an accounting view.

    Sentiment: Hold

  • jimrat11 jimrat11 Apr 9, 2015 6:20 PM Flag

    Beware of the spammers and touters. This guy is one of those. Joined Today - about twenty posts about the current stock he is pumping (and dumping).

GEO
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