NGL Energy Partners LP (NGL)

[hotel7473]

Yes, I’m holding it in an IRA. Last years K1 netted negative UBTI (what you need to worry about when holding in a tax deferred account). My brokerage firm promptly booked it as loss carryover for future tax years.

In my experience, these MLPs are pretty good at making sure UBTI is either negative or very minimal. The exceptions seem to occur when they are either bought out or become corps.

Side note - I am not an accountant and this is not tax advice. Just my experience through the years.