Dividend investing for retirement Message Board

To: Sergio H who wrote (12192)	7/20/2012 4:39:57 PM
From: JimisJim	Read Replies (2) of 16024

Thx for the heads up, but I've already told my guy that I want everything I sign clear cut, no gray areas. My primary reason for not paying attn. to K1s is that he told me not to worry -- that when the time comes to worry (IOW I may be getting close to the trip wire for taxes for K1s in my IRAs), he'll give me a year's warning. I don't own that many MLPs and only one ever reports a non-negative number for UBTI. I pay HIM to worry about K1s, not I. I just hand them over to him in a file folder and move on to the stuff that requires 80% of my time at tax time (for me quarterly, self employed consultant) and that's travel expenses, etc. related to going to Malaysia or Australia or Brazil or Angola or Nigeria or France or Norway or Scotland or (the worst) Houston... I don't mind Louisiana, but can't seem to like Houston on the GoM. Compared to my other forms and paperwork, K1s are the LEAST of my worries. <g> Jim