No you don't need to find another place to do your taxes. And you don't need to do anything about your UBI. If your IRA has invested in a publicly traded partnership (PTP), master limited partnership (MLP), limited partnership (LP) , private equity partnership (PEP), , hedge fund partnerships, or limited liability companies (LLC), your IRA may have received income that is Unrelated Business Income, and may be subject to tax.
Form 990-T is used to report UBTI income generated in a tax-deferred account. An exempt organization (e.g. an IRA) that has $1,000 or more of gross income from an unrelated business must file Form 990-T. IRA custodians (like Schwab, Fidelity, Vanguard, etc.) examines your Schedule K-1s to determine whether a Form 990-T is required, and files it for you if needed.
In tax year 1997, the IRS determined that custodians of IRA accounts are required to prepare and file Form 990-T if the gross income of an IRA meets the $1,000 threshold. Custodians must then remit any tax due.
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