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Retirement tax questions
Note the Energy Transfer LP [an aggregated partnership of Entergy Transfer Partners LP and ET Energy Transfer LP holds additional MLP and report all within the Schedule K-1 package. They must be filed individually and not as the aggregate. Furthermore, the partnships reprot Ordinary Business Income which is outside that permitted within a Qualified Plan account thus requiring the reporting of Unrelated Business Income IUBIT) on Form 990 or 990-T. In general, it is ill-advised to hold MLP partnership interests, which are themselves a form of deferred income inside a Qualified Plan!
If this posted response is useful to you, please click on the upraised hand in the lower left of this post. Thank you. Scruffy Curmudgeon--PFFM/ IAFF, retired FireFighter/Paramedic - Locals 718/30, Veteran USAR O3 AIS/ASA '65-'67
NOT INTUIT EMPLOYEE
USAR 64-67 AIS/ASA MOS 9301 - O3
- Just donating my time
**Say Thanks by clicking the thumb icon in the lower left corner -it means nothing but makes those than answer feel wanted.
NOT INTUIT EMPLOYEE
USAR 64-67 AIS/ASA MOS 9301 - O3
- Just donating my time
**Say Thanks by clicking the thumb icon in the lower left corner -it means nothing but makes those than answer feel wanted.
‎June 6, 2019
12:27 AM