dmertz
Level 15

Retirement tax questions

Also, I would expect that any income to the MLP retained by the MLP would be reflected in the share value of the MLP.  I would expect that that income that was not retained by the MLP would be distributed to your IRA as cash or as re-investments in the MLP, similar to what happens for capital gains and dividend distributions from a mutual fund held by an IRA (although mutual funds do not generate UBTI).