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Removed language that stated passthrough treatment makes you a disregarded entity, DRE's don't have to file tax returns (i.e. single member LLC). Correct me if I'm wrong on this. — Preceding
unsigned comment added by
155.201.35.178 (
talk) 16:00, 17 November 2015 (UTC)reply
Pump and dump scheme?
Is that link a self promotion or attempt by some individual to drive up the prices of several stocks he/she owns?
Small text
No - this is very useful. I found this via Google. Its a growing asset class and the article is helpful. It definitely merits inclusion. —Preceding
unsigned comment added by
129.67.30.75 (
talk) 08:31, 6 April 2009 (UTC)reply
MLPs in retirement accounts and tax
What happens if you own a MLP in your IRA? I heard this causes much agony. Can anyone address this? —Preceding
unsigned comment added by
67.186.57.249 (
talk) 02:07, 22 November 2008 (UTC)reply
Aside from the fact that mlps are already tax-advantaged and it need to have a lot of sense to put them in a tax-deferred retirement account, the really big headache seems to be this:
Any net income over $100000.0000 that is thrown off by an MLP into your IRA will be subject to
Unrelated Business Income (UBI) tax. Your IRA will need to file a tax return (separate from your individual tax return), and it won't be a simple one (you'll probably need help from a CPA), and the tax on the UBI will have to by paid by the IRA, not by you. That means the taxes will be a drain on the IRA, which defeats the purpose of the IRA. If your IRA is fully invested, it may have to sell other assets to raise cash to pay the tax. If you pay the tax with your own cash, that would be considered a contribution to the IRA, which may cause excess contributions if you've already hit the limit for contributions for the year.
I found that info in a 2004 article by Roy Lewis on The Motley Fool web site. Since much TMF content is user-generated (although by some pretty sharp subscribers), I don't think it meets
WP:RS guidelines. I am hopeful that someone more knowledgeable than I might have access to a better source.
Some sources also mention that Section 1250 recapture gains are subject to tax when the MLP units are sold, triggering many of the same problems in an IRA. Once again, I haven't found sources that would meet WP standards.
Recently, several of the best-known MLPs have formed publicly-traded holding companies, to allow investors to own shares, rather than partnership units. They have done so specifically in response to the demand from individual investors for MLP-related shares that can be held in an IRA without all the foregoing complications.
If all this were merely a tax question, I don't think it would merit inclusion in the article. However, the restrictions on individual retirement accounts are actually driving the creation of new MLP-related products, including ETFs (mentioned in the article), closed-end funds and sister companies. The only way to explain the products developed around MLPs is to give at least a cursory explanation of the IRA issue.
LineChaser (
talk) 20:20, 1 March 2013 (UTC)reply
LineChaser's comments should be incorporated into the article, to add value to the marketing copy there.--
DeknMike (
talk) 17:35, 13 April 2014 (UTC)reply
KMI IPO
KMI had an IPO in Feb 2011, so is publicly traded again
24.151.12.43 (
talk) 18:51, 6 January 2012 (UTC)reply
Are they USA only and what history or controversy
Should first line clarify they are "limited partnerships under USA law" or state the relevant jurisdictions ? -
Rod57 (
talk) 12:31, 4 December 2014 (UTC)reply
When were they introduced ? and is it true that there have been some attempts to get rid of them ? -
Rod57 (
talk) 12:31, 4 December 2014 (UTC)reply
This article is within the scope of WikiProject Finance & Investment, a collaborative effort to improve the coverage of articles related to
Finance and
Investment on Wikipedia. If you would like to participate, please visit the project page, where you can join
the discussion and see a list of open tasks.Finance & InvestmentWikipedia:WikiProject Finance & InvestmentTemplate:WikiProject Finance & InvestmentFinance & Investment articles
This article is within the scope of WikiProject Business, a collaborative effort to improve the coverage of
business articles on Wikipedia. If you would like to participate, please visit the project page, where you can join
the discussion and see a list of open tasks.BusinessWikipedia:WikiProject BusinessTemplate:WikiProject BusinessWikiProject Business articles
This article is within the scope of
WikiProject Taxation, a project which is currently considered to be inactive.TaxationWikipedia:WikiProject TaxationTemplate:WikiProject TaxationTaxation articles
This article has been given a rating which conflicts with the
project-independent quality rating in the banner shell. Please resolve this conflict if possible.
This article is within the scope of WikiProject Law, an attempt at providing a comprehensive, standardised, pan-jurisdictional and up-to-date resource for the
legal field and the subjects encompassed by it.LawWikipedia:WikiProject LawTemplate:WikiProject Lawlaw articles
Removed language that stated passthrough treatment makes you a disregarded entity, DRE's don't have to file tax returns (i.e. single member LLC). Correct me if I'm wrong on this. — Preceding
unsigned comment added by
155.201.35.178 (
talk) 16:00, 17 November 2015 (UTC)reply
Pump and dump scheme?
Is that link a self promotion or attempt by some individual to drive up the prices of several stocks he/she owns?
Small text
No - this is very useful. I found this via Google. Its a growing asset class and the article is helpful. It definitely merits inclusion. —Preceding
unsigned comment added by
129.67.30.75 (
talk) 08:31, 6 April 2009 (UTC)reply
MLPs in retirement accounts and tax
What happens if you own a MLP in your IRA? I heard this causes much agony. Can anyone address this? —Preceding
unsigned comment added by
67.186.57.249 (
talk) 02:07, 22 November 2008 (UTC)reply
Aside from the fact that mlps are already tax-advantaged and it need to have a lot of sense to put them in a tax-deferred retirement account, the really big headache seems to be this:
Any net income over $100000.0000 that is thrown off by an MLP into your IRA will be subject to
Unrelated Business Income (UBI) tax. Your IRA will need to file a tax return (separate from your individual tax return), and it won't be a simple one (you'll probably need help from a CPA), and the tax on the UBI will have to by paid by the IRA, not by you. That means the taxes will be a drain on the IRA, which defeats the purpose of the IRA. If your IRA is fully invested, it may have to sell other assets to raise cash to pay the tax. If you pay the tax with your own cash, that would be considered a contribution to the IRA, which may cause excess contributions if you've already hit the limit for contributions for the year.
I found that info in a 2004 article by Roy Lewis on The Motley Fool web site. Since much TMF content is user-generated (although by some pretty sharp subscribers), I don't think it meets
WP:RS guidelines. I am hopeful that someone more knowledgeable than I might have access to a better source.
Some sources also mention that Section 1250 recapture gains are subject to tax when the MLP units are sold, triggering many of the same problems in an IRA. Once again, I haven't found sources that would meet WP standards.
Recently, several of the best-known MLPs have formed publicly-traded holding companies, to allow investors to own shares, rather than partnership units. They have done so specifically in response to the demand from individual investors for MLP-related shares that can be held in an IRA without all the foregoing complications.
If all this were merely a tax question, I don't think it would merit inclusion in the article. However, the restrictions on individual retirement accounts are actually driving the creation of new MLP-related products, including ETFs (mentioned in the article), closed-end funds and sister companies. The only way to explain the products developed around MLPs is to give at least a cursory explanation of the IRA issue.
LineChaser (
talk) 20:20, 1 March 2013 (UTC)reply
LineChaser's comments should be incorporated into the article, to add value to the marketing copy there.--
DeknMike (
talk) 17:35, 13 April 2014 (UTC)reply
KMI IPO
KMI had an IPO in Feb 2011, so is publicly traded again
24.151.12.43 (
talk) 18:51, 6 January 2012 (UTC)reply
Are they USA only and what history or controversy
Should first line clarify they are "limited partnerships under USA law" or state the relevant jurisdictions ? -
Rod57 (
talk) 12:31, 4 December 2014 (UTC)reply
When were they introduced ? and is it true that there have been some attempts to get rid of them ? -
Rod57 (
talk) 12:31, 4 December 2014 (UTC)reply