02-13-2014, 07:38 PM
I wouldn't hold an MLP for over a couple of years in an IRA. Also, would not hold over $10k-$15k in an IRA. There can be tax issues related to UBTI. Nice thing is that monitoring and paying the tax is the responsibility of the IRA custodian. I've held up to about $20k in the IRA and always tossed the k-1's in the trash. Never had a problem. But that doesn't mean that a person can't have a tax issue. One thing for sue, to enjoy the full befit of the mlp structure, shares must be held in a cash account.
Alex