arauzodra
New Member

Taxability of mlp in 401(k)

I received a k1 for a master limited partnership held in my 401(k) account.  The UBTI is less than $1,000 so there is no UBTI tax.  However, are the other income line items (interest, dividends, royalties, capital gains) subject to reporting and taxes on my Form 1040 even though this is an investment in a retirement account?