Quick question: Do you know anyone who has received NRP’s K1? I’m studying the tax situation with MLPs and turns out UBTI can be potentially huge in dragging down returns if invested from tax-advantages accounts like IRAs. Since NRP is a royalty company, its income is potentially exempt from UBTI, but I’m not so sure.
Good question. Unfortunately I don't know what NRP's UBTI looks like last year and don't really know anyone who has received its K1, but I would generally avoid keeping MLPs in tax-exempt accounts. Probably wouldn't hurt to email the company as well before you make an investment.
Quick question: Do you know anyone who has received NRP’s K1? I’m studying the tax situation with MLPs and turns out UBTI can be potentially huge in dragging down returns if invested from tax-advantages accounts like IRAs. Since NRP is a royalty company, its income is potentially exempt from UBTI, but I’m not so sure.
Good question. Unfortunately I don't know what NRP's UBTI looks like last year and don't really know anyone who has received its K1, but I would generally avoid keeping MLPs in tax-exempt accounts. Probably wouldn't hurt to email the company as well before you make an investment.