Can you cite IRS codes/sections/law supporting that position? I received an IRS notice adjusting my income tax return to include the above-referenced K-1 income items. The K-1 properly reflected the ownership entity as an IRA/SEP account. The IRS Response Form requires a statement (along with any supporting documentation) indicating the reason for disagreement with their proposed income tax changes. I would like to reference the tax code/section and verbage regarding the exclusion of mlp income for retirement account holders. I have been unable to locate this information online. Thanks!
