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Non-Tech : UAN - The variable distribution MLP that could go a long way
UAN 78.46-0.1%Jul 19 4:00 PM EDT

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From: Elroy10/10/2023 8:27:50 AM
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I've still got a small chunk of UAN which is exposed to short Nov covered calls at $80 and $85. Naturally, UAN's unit price has been sitting at about $82 for months!

I may still own this guy depending on how these covered calls progress. Oddly, I'm rooting for bad news for the Q3 results, hopefully pushing the price below $80 on Nov expiration, and good news thereafter....

And to make it more interesting, these UAN units are in my Roth account. I've been trying to get answers from my brokerage about what happens if I turn 59 1/2, and then transfer them out of the Roth into a regular account. The question is whether that transfer will be scored for tax purposes as a sale in the Roth and repurchase at the same price in the regular account (which would trigger UBTI in the Roth), or whether it will be treated as a transfer in kind from the Roth to the regular account (which means no sale in the Roth, and no UBTI triggered by selling units in the Roth). I await their response......
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