hkh
New Member

FORM PTK1 interest, dividends, and return on capital in retirement account

this question is follow up to on asked yesterday. to be clear I am not asking about UBTI i am aware of rules and process for unrelated business taxable income.

 

i just received notice CP2000 from IRS indicating i owe additional taxes for Interest, dividends, and return on capital from Master Limited Partnerships i hold in my IRA and ROTH. is this income taxable in a retirement account?