Seeking Alpha and UBTI
Absolutely amazing to read posts on Seeking Alpha with MANY posters providing information about holding MLPs in IRAs that is wrong. Wish authors would write a few words - in their often VERY long articles - about UBTI and in particular how calculation of UBTI by broker custodians appears to be changing.
If anyone here needs clarification please visit either the website for the MLPASSOCIATION or the National Association of Publicly Traded Partnerships. Both have excellent primers than explain UBTI as it relates to both ownership by non US citizens and IRAs of all flavors.