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Level 2
June 6, 2019
Solved

Do I report $ 11,000 of UBTI tax, $300 late fee and $400 prep fee on my 2018 return for a transaction that occurred in 2017 and was calculated in2018

  • June 6, 2019
  • 3 replies
  • 1 view
No text available
    Best answer by Critter

    What happens inside an IRA stays in the IRA ... none of that is reported on a Personal  Income Tax return. 

    3 replies

    Critter
    Level 15
    June 6, 2019
    Was this return done for an IRA account ?
    Level 2
    June 6, 2019
    yes
    Critter
    CritterAnswer
    Level 15
    June 6, 2019

    What happens inside an IRA stays in the IRA ... none of that is reported on a Personal  Income Tax return.