UBTI in Taxable Account holding limited partnership shares (K-1)

Hi,

I received a K-1 Form 1065 from an oil/gas pipeline company that I hold in a taxable account.
I have $962 in Line 20, Code V. 
From what I understand, this is UBTI. Do I need to worry about this amount when it exceeds $1000, even tho the company shares are in a taxable account?

Thanks