My investment firm is paying the IRS the tax amount due from my IRA because there was over $1,000 of UBTI from an MLP that I own. They sent me a copy of the 990-T and will take the money from my IRA account. Is there state tax due on this income? They don't mention anything about taxes due in the state of CA, where I live. Do I have to redo my taxes from 2021 if they are paying the additional amount due?
Thank you to the CPA who knows about MLP'S!!!
