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Hey,are you guys trading on inside information !! U.S. Seeks Criminal Charges Against David Petraeus: Official WASHINGTON (AP) — The Justice Department is weighing bringing criminal charges against former CIA Director David Petraeus over the handling of classified information, a U.S. official said Friday night. Investigators have presented senior-level Justice Department officials such as Attorney General Eric Holder with information on the case to help inform a decision on charging the former four-star general, the official said. Since his resignation from the C.I.A. on Nov. 10, 2012, Mr. Petraeus has divided his time between teaching, making lucrative speeches and working as a partner in one of the world’s largest private-equity firms, Kohlberg Kravis Roberts. Along with his acumen on the battlefield, Mr. Petraeus was considered a natural political operator in Washington, where he easily navigated the politics of Congress, the White House and the Pentagon.
I follow KKR, OAK, BX and CG from afar, but have yet to do anything, other than read about them.
I haven't been able to rationalize the extra K-1 forms (complicated) and tax implications (headaches), despite the interesting strategies/dividends etc.
@Ted Yes, the K-1 is no big deal, except that it is typically not available until the last few days of March. I don't want to go on extension, so I have to join the last minute scramble at my tax preparer's office.
@Bitzer: You point is well taken, my accountant has had to file for extrension on several occasions, but even with the trouble, I believe KKR is worth owning. Regards, Ted
Late to the topic. I believe that a K-1 does not have to be reported if the investment is held within an IRA.
Depends if the partnership ends up with over $1000 in "Unrelated Business Income". If that happens, them the "Unrelated Business Income Tax" kicks in, even in tax qualified accounts. It is around 40%, I believe, but someone else might know better.
Comments
U.S. Seeks Criminal Charges Against David Petraeus: Official
WASHINGTON (AP) — The Justice Department is weighing bringing criminal charges against former CIA Director David Petraeus over the handling of classified information, a U.S. official said Friday night.
Investigators have presented senior-level Justice Department officials such as Attorney General Eric Holder with information on the case to help inform a decision on charging the former four-star general, the official said.
Since his resignation from the C.I.A. on Nov. 10, 2012, Mr. Petraeus has divided his time between teaching, making lucrative speeches and working as a partner in one of the world’s largest private-equity firms, Kohlberg Kravis Roberts.
Along with his acumen on the battlefield, Mr. Petraeus was considered a natural political operator in Washington, where he easily navigated the politics of Congress, the White House and the Pentagon.
He fielded calls to run for president and cultivated a larger-than-life media image. All the while, he remained a trusted adviser to Mr. Obama, who appointed him to lead the C.I.A. in 2011.
http://www.huffingtonpost.com/2015/01/09/us-charges-david-petraeus_n_6446554.html
http://www.nytimes.com/2015/01/10/us/politics/prosecutors-said-to-recommend-charges-against-former-gen-david-petraeus.html?_r=0
I haven't been able to rationalize the extra K-1 forms (complicated) and tax implications (headaches), despite the interesting strategies/dividends etc.
Regards,
Ted
Regards,
Ted