TomD8
Level 15

Get your taxes done using TurboTax

Yes, it is possible for some of that capital gain to be treated as ordinary income and subject to UBIT. This web reference provides a detailed explanation of how this can happen: https://seekingalpha.com/article/4415148-your-ira-holds-mlp-beware-of-ubit
**Answers are correct to the best of my ability but do not constitute tax or legal advice.